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The net income for our company this year is $20,000. The beginning and ending retained earnings balances were $36,000 and $50,000, respectively. The company issued

The net income for our company this year is $20,000. The beginning and ending retained earnings balances were $36,000 and $50,000, respectively. The company issued no common stock. Calculate the amount of dividends paid by the company this year.

$34,000

$14,000

$16,000

$6,000

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