On January 1, 2023, Renee Company had a credit balance of $25,500 in retained earnings. Renee Company reported $13,000 of revenues and $5,000 of expenses in 2023. On December 31, 2023, Renee Company had a credit balance of $32,700 in retained earnings. Assume no other transactions except for dividends affected the Company's retained earnings during the year. During 2023, what was the total amount of dividends declared by the Company?

Answer rating: 100% (QA)

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