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Wifi Around reports net income for the year of $267,500. Retained earnings at the beginning and end of the year are $829,000 and $968,000, respectively.
Wifi Around reports net income for the year of $267,500. Retained earnings at the beginning and end of the year are $829,000 and $968,000, respectively. What is the cash paid for dividends during the year (assume any dividends declared were paid)? (Amounts to be deducted should be indicated with a minus sign.)
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