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Please provide step by step explanation! THank you! Company X has net income of $588,000. The company pays out 40% of the net income to

Please provide step by step explanation! THank you!

Company X has net income of $588,000. The company pays out 40% of the net income to its shareholders as dividends.

During the year, the company sold $81,000 worth of common stock. What is the cash flow to stockholders?

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