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The board of directors of Pearl Corp. declared cash dividends of $246,000 during the current year. If dividends payable was $81,000 at the beginning of

The board of directors of Pearl Corp. declared cash dividends of $246,000 during the current year. If dividends payable was $81,000 at the beginning of the year and $88,000 at the end of the year, how much cash was paid in dividends during the year?

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