The 2011 statement of financial position of Rogers Tennis Shop Inc. showed $740,000 in the...
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Accounting
The 2011 statement of financial position of Rogers Tennis Shop Inc. showed $740,000 in the common stock account and $5.2 million in the additional retained earnings account. The 2012 statement of financial position showed $815,000 and $5.5 million in the same two accounts, respectively. If the company paid out $490,000 in cash dividends during 2012, what was the cash flow to shareholders for the year? (Enter your answer in thousands, for e.g., 102 thousands would be entered as 102.)
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