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The 2019 statement of financial position of Rogers Tennis Shop Inc. showed $680,000 in the common stock account and $4.3 million in the additional retained
The 2019 statement of financial position of Rogers Tennis Shop Inc. showed $680,000 in the common stock account and $4.3 million in the additional retained earnings account. The 2020 statement of financial position showed $715,000 and $4.7 million in the same two accounts, respectively.
If the company paid out $540,000 in cash dividends during 2020, what was the cash flow to shareholders for the year? (Enter the answer in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.)
Cash flow to shareholders is.....
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