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Question 4 1 pts Pen and Pencil, Inc. recently reported $10 million of net income and $22 million of retained earnings. The previous retained earnings
Question 4 1 pts Pen and Pencil, Inc. recently reported $10 million of net income and $22 million of retained earnings. The previous retained earnings were $18 million. How much in dividends were paid to shareholders during the year? Express your final answer in millions (e.g., if your answer is $8.9 million, type in "8.9"). Question 5 1 pts W.C. Cycling had $55,000 in cash at year-end 2018 and $25,000 in cash at year-end 2019. The firm invested in property, plant, and equipment totaling $250,000. Cash flow from financing activities totaled +$ 170,000. What was the cash flow from operating activities? Express your final answer in single dollars (e.g., if your answer is $89,000, type in "89,000")
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