Problem

Cash Flow to Stockholders The 2009 balance sheet of Anna’s Tennis Shop, Inc., showed $430,...

Cash Flow to Stockholders The 2009 balance sheet of Anna’s Tennis Shop, Inc., showed $430,000 in the common stock account and $2.6 million in the additional paid-in surplus account. The 2010 balance sheet showed $450,000 and $3.05 million in the same two accounts, respectively. If the company paid out $385,000 in cash dividends during 2010, what was the cash flow to stockholders for the year?

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