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The following information is for Beard Company: 20Y2 20Y1 Loans Payable $10,000 $20,000 Retained Earnings 85,000 73,000 Common Stock 25,000 17,000 Net Income 18,000 20,000

The following information is for Beard Company:

20Y2 20Y1

Loans Payable $10,000 $20,000

Retained Earnings 85,000 73,000

Common Stock 25,000 17,000

Net Income 18,000 20,000

Using this information, compute the cash paid for dividends in 20Y2.

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