The following extracts have been taken from the draft finanelal statetment of squid Ltd for the financial year ended 30 June 20X2

30 June 30 June

20X2 20X1

Dividends payable 72,000 84,000

Retained earnings 80,000 50,000

Additional information:

Pront for the year was $140,000

During the year ended 30 June 20X2 the company transferred $60,000 from Retained sarnings to the cenerd tosene Squid Ltd is preparing a Statement of Cash Flows in accordance with the requirements of AASB 107:Shatament ofCoihfion

Required:

Write in the box below the amount of dividends paid by Squid Ltd during the year ended 30 June 20X2.Do not include any doltar signs, negative signs, brackets or spaces in your answer