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Quartz Corporation had retained earnings balances of $480,000 and $400,000 at the beginning and ending of the year, respectively. If revenues were $300,000 and expenses

Quartz Corporation had retained earnings balances of $480,000 and $400,000 at the beginning and ending of the year, respectively. If revenues were $300,000 and expenses were $350,000, how much were dividends for the year assuming no other transactions affected retained earnings?

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