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On January 1 , 2 0 1 9 , Hanson Inc. purchased 5 4 , 0 0 0 voting shares out of Marvin Inc. '

On January 1,2019, Hanson Inc. purchased 54,000 voting shares out of Marvin Inc.'s 90,000 outstanding voting shares for $240,000. Hanson did not own any shares of Marvin prior to this date. For the year ended December 31,2019, Hanson declared and paid a cash dividend of $40,000. Marvin declared and paid a cash dividend of $30,000.
On January 1,2020, Hanson purchased an additional 9,000 shares of Marvin Inc. on the open market for $45,000. For the year ended December 31,2020, Hanson declared a cash dividend of $50,000, of which $35,000 was paid during the year. Marvin declared and paid a cash dividend of $32,000.
What is the amount that will be reported on the consolidated statement of cash flows for cash dividends paid for the year ended December 31,2019?
Question 15 options:
$70,000
$40,000
$52,000
$58,000

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