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Calculate the cash used to pay dividends

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Reference no: EM13956822

The following information relates to Martinez Company for fiscal 2011.

Beginning retained earnings .........$5,100,000
Ending retained earnings ..........$4,100,000
Net income for 2011 ...........$2,050,000

Required:

Calculate the cash used to pay dividends. 

Reference no: EM13956822

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