Business, 05.05.2020 04:15, alexantkoviak13

Retained earnings balance at the beginning of the year $ 135,000 Cash dividends declared for the year 55,000 Proceeds from the sale of equipment 90,000 Gain on the sale of equipment 8,800 Cash dividends payable at the beginning of the year 27,000 Cash dividends payable at the end of the year 30,800 Net income for the year 101,000 The amount of cash dividends paid during the year would be:

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Retained earnings balance at the beginning of the year $ 135,000 Cash dividends declared for the yea...