Question: The 2014 statement of financial position of Anna s Tennis Shop
The 2014 statement of financial position of Anna’s Tennis Shop Inc. showed $490,000 in the common shares account and $3.4 million in the additional paid-in surplus account. The 2015 statement of financial position showed $525,000 and $3.7 million in the same two accounts, respectively. If the company paid out $275,000 in cash dividends during 2015, what was the cash flow to shareholders for the year?
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