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. The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends. During the year, the company

.

The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock. What is the cash flow to stockholders?

A.

-$75,000

B.

-$26,360

C.

-$2,040

D.

$123,640

E.

$147,960

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