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Salah's net income for the year ended December 31, Year 2 was $203,000. Information from Salah's comparative balance sheets is given below. Compute the cash
Salah's net income for the year ended December 31, Year 2 was $203,000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 $ 518,000 966,000 706,000 Year 1 $ 466,200 869,200 598,200 Multiple Choice $51,800. $107,800. $95,200
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