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Smart Students inc paid out $22.4million in total common dividends and reported $1.44.7million of retained earnings at year-end. The prior year's retained earnings were $95.5

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Smart Students inc paid out \$22.4million in total common dividends and reported \$1.44.7million of retained earnings at year-end. The prior year's retained earnings were $95.5 million. What was the net income? Assume that all dividends declared were actually paid

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