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Hello. I’m having some trouble calculating the Dividends Paid in a certain year.
Retained Earnings 12/31/2020 $539,069
Retained Earnings 12/31/2021 $922,273
Net Income 12/31/2021 $493,204
How do you calculate the Dividends paid in 2021? There was a dividend declared in 2021 for $110,000, but not paid yet.
What additional information do you need to calculate that? Please help. Thank you.
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