The 2011 balance sheet of The Sports Store showed $800,000 in the common stock account and $6.7 million in the additional paid-in surplus account. The 2012 balance sheet showed $872,000 and $8 million in the same two accounts, respectively. The company paid out $600,000 in cash dividends during 2012. What is the cash flow to stockholders for 2012?
A) -$1,372,000
B) -$772,000
C) -$628,000
D) $372,000
E) $1,972,000
Correct Answer:
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E)$3,091.18
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