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The December 31, 2015, balance sheet of Contrail Air, Inc., showed $150,000 in the common stock account and $2,421,000 in the additional paid-in surplus account.
The December 31, 2015, balance sheet of Contrail Air, Inc., showed $150,000 in the common stock account and $2,421,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed $158,000 and $2,529,000 in the same two accounts, respectively. If the company paid out $145,500 in cash dividends during 2016, what was the cash flow to stockholders for the year?
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