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Q1) Year-end 2008 balance sheet of Brandex INc. listed common stock and other paid-in capital at $1,100,000 and retained earnings at $3,400,000. Next year, retained earnings were listed at $3,700,000. Firm's net income in 2009 was $900,000. There were no stock repurchases in the year. Compute the dividends paid by firm in 2009?

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