Question: 2 0 2 Aug. 1 Lopez declared and paid a cash dividend of $ 2 . 2 5 per share. ( total $ 2 ,

202
Aug. 1 Lopez declared and paid a cash dividend of $2.25 per share. (total $2,250)
Dec. 31
Lopez announced that net income for the year is $2,750.
20X3
Jan. 1
Garcia sold 100 shares of Lopez for $1,300 cash.
202 Aug. 1 Lopez declared and paid a cash dividend of

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