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13. Glenbrook Gallery on December 31, 2019, It had $585,000 as an ending balance for its retained earnings account. During 2019 it declared a $3.50/share
13. Glenbrook Gallery on December 31, 2019, It had $585,000 as an ending balance for its retained earnings account. During 2019 it declared a $3.50/share of dividends, also in 2020 the Gallery declared a $5.50/share dividend to its stockholders. The Glenbrook Gallery has 50,000 shares of common stock outstanding. When the books were closed for 2020-year end, the firm had a final retained earnings balance of $665,000. What was the net profit earned by Glenbrook Gallery during 2020? (Show the calculations in details) (4 Points) Enter your
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