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The net income of Thomas Corporation was $73,000 for this year. The beginning balance of stockholders' equity was $30,000 and the ending balance was $70,000.

The net income of Thomas Corporation was $73,000 for this year. The beginning balance of stockholders' equity was $30,000 and the ending balance was $70,000. The company issued no common stock during the year. What was the amount of dividends distributed during the year?

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