At the beginning of the current year, Callifax Corporation had dividends payable of $1,500,000. During the current year, the company declared cash dividends of $4,300,000, of which $900,000 appeared...

At the beginning of the current year, Callifax Corporation
had dividends payable of $1,500,000. During the current
year, the company declared cash dividends of $4,300,000,

of which $900,000 appeared as a liability at year-end. Deter-
mine the amount of cash dividends paid during this year.