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Whistler Company had retained earnings of $480,000 at the end of Year 1. During Year 2, Whistler had net income of $157,000. Retained earnings were

Whistler Company had retained earnings of $480,000 at the end of Year 1. During Year 2, Whistler had net income of $157,000. Retained earnings were $447,000 at December 31, Year 2. The amount of dividends for Year 2 must have been:

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