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Raven Instant Messaging (RIM) Company declared cash dividends of $0.25 per share. RIM has 3,000,000 shares of common stock authorized, 800,000 shares issued, and 500,000

Raven Instant Messaging (RIM) Company declared cash dividends of $0.25 per share. RIM has 3,000,000 shares of common stock authorized, 800,000 shares issued, and 500,000 shares outstanding. What amount should RIM record for the dividends?

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