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The following information is for Kowloon Company: 20X220X1 Loans Payable$12,000$25,000 Retained Earnings79,00076,000 Common Stock32,00027,000 Net Income25,00024,000 Using this information, compute the cash paid for dividends

The following information is for Kowloon Company:

20X220X1

Loans Payable$12,000$25,000

Retained Earnings79,00076,000

Common Stock32,00027,000

Net Income25,00024,000

Using this information, compute the cash paid for dividends in 20X2.

(Write the dollar amount of your answer. Do not write the dollar sign.)

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