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Find the value of total dividend and retained earnings

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Question - On January 1, 2020, there were 10,000 cumulative shares of common stock issued for Gemini Corporation. An additional 2,000 shares were issued on July 1, 2020. Gemini declared dividends of $2 per share on April 15, August 15, and December 15. Gemini Corporation's income for 2020 was $400,000. Find the value of total dividend and retained earnings.

Reference no: EM132858225

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