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A Corp, which computes depreciation to the nearest whole month, placed a new piece of equipment in operation on July 1, 2018. It was expected to produce 200,000 units of product in its estimated useful life of 8 years. Total cost was $320,000; salvage value was estimated to be $50,000. A Corp employs a December 31 calendar year for financial reporting purposes. If A Corp had used the Double-Declining balance method of depreciation, the amount of depreciation expense computed for this equipment in 2020 would be: 50,625 60,000 70,000 52,500 Masterson Company has 490,000 shares of $10 par value common stock outstanding. During the year Masterson declared a 15% stock dividend when the market price of the stock was $36 per share. Three months later Masterson declared a 5.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by $2.984.100 $2.646,000 $2.940,000 $1,073,100