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Problem 2-12 Cash Flow to Shareholders (LO3) The 2019 statement of financial position of Roger's Tennis Shop Inc. showed ( $ 550,000 ) in the
Problem 2-12 Cash Flow to Shareholders (LO3) The 2019 statement of financial position of Roger's Tennis Shop Inc. showed \\( \\$ 550,000 \\) in the common stock account and \\( \\$ 47 \\) million in the additional retained earnings account. The 2020 statement of financial position showed \\$590,000 and \\$5.1 million in the same two accounts, respectively. If the company paid out \\( \\$ 505,000 \\) in cash dividends during 2020 , what was the cash flow to shareholders for the year? (Enter the answer in dollars, not millions of dollars, i.e. 1,234,567. Omit \\( \\$ \\) sign in your response.) Cash flow to shareholders
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