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The opening balance of retained earnings for a company was $1,340,045. During the year it earned a net income of $536,647 and shareholders invested

The opening balance of retained earnings for a company was $1,340,045. During the year it earned a net income of $536,647 and shareholders invested an additional $637,597 for shares. The ending balance of retained earnings was $1,557,323. How much did the company pay out in dividends during the year? Your Answer: Answer

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