For the year 20X1, Sheldon Industries reported net income of $572,000, an increase to Retained...

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Accounting

For the year 20X1, Sheldon Industries reported net income of $572,000, an increase to Retained Earnings of $462,000, and an increase in Common Stock of $100,000.
Assuming Sheldon pays cash for dividends immediately as they are declared, how much cash was paid out for dividends during 20X1?

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