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Newhouse Inc. reported $640,000 of net income and $2,700,000 of retained earnings. The previous retained earnings were $2,430,000. How much in dividends were paid to

Newhouse Inc. reported $640,000 of net income and $2,700,000 of retained earnings. The previous retained earnings were $2,430,000. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid.

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