The following information was included in the financial statements of Black Ltd for the year ended 30 June 20X2:

Included in the Statement of Profit or Loss:

• Profit for the year $140,000

Included in the Statement of Financial Position:

	30 June 20X2	30June 20X1
	$	$
Dividends payable	73,000	82,000
Retained earnings	80,000	60,000

Additional information:

• During the year ended 30 June 20X2 the company transferred $80,000 from Retained earnings to the General reserve

Required:

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

show your workings for the previous question