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on January 1, 2014 the balance in retained earnings was $77,000. A the end of the...

on January 1, 2014 the balance in retained earnings was $77,000. A the end of the year December 31, 2014 the balance in retained earnings was $96, 000. During the year 2014 company earned net income of $45 000 Based on this information dividends paid for the year were.

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Answer #1

Amount added in retained earning = 96000 – 77000 = 19000

Net income = 45000

Dividend = net income – retained earning

                = 45000 – 19000

                  = 26000

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