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The retained earnings balance of Eureka Company was $93,600 on January 1, 2012. Net income for 2012 was $52, 960. If retained earnings had a

The retained earnings balance of Eureka Company was $93,600 on January 1, 2012. Net income for 2012 was $52, 960. If retained earnings had a credit balance of $42,000 after closing entries were posted on December 31, 2012 and if additional stock of $26,000 was issued during the year, dividends paid during 2012 were: _____

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