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The Retained Earnings balance was $23,600 on January 1. Net income for the year was $19,150. If Retained Earnings had a credit balance of $25,200
The Retained Earnings balance was $23,600 on January 1. Net income for the year was $19,150. If Retained Earnings had a credit balance of $25,200 after closing entries were made for the year, and if additional stock of $5,900 was issued during the year, what was the amount of dividends declared during the year?
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