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The beginning balance in retained earnings was $65,000. Net income was $120,000. The balance in retained earnings at the end of the year was $80,000.

The beginning balance in retained earnings was $65,000. Net income was $120,000. The balance in retained earnings at the end of the year was $80,000. Additionally, dividends payable decreased by $5,000. The total amount shown on the statement of cash flows as "cash paid for dividends" was $?

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