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Over the first four years of the company's life, it earned the following net income (loss): $6,000; $2,000; $6,000, and ($1,000). If the company's ending

Over the first four years of the company's life, it earned the following net income (loss): $6,000; $2,000; $6,000, and ($1,000). If the company's ending retained earnings is $8,600 after year 4, what is theaverage amount of dividends paid per year?

$0 $13,000 $4,400 $1,100

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