1a. 1b

The year-end 2018 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $3,100,000 and retained earnings at $5,400,000. The next year, retained earnings were listed at $5,700,000. The firm's net income in 2019 was $1,100,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2019? Dividends paid The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Pederal and state taxes Accounts payable Accounts receivable Net fixed assetst Long-term debt Notes payable Dividends paid Cash and marketable securities 2018 $4,700 1,300 410 250 440 240 680 250 350 4,100 1,700 870 470 840 2019 $4,800 1,400 430 295 490 240 700 295 425 4,740 2,150 530 470 380 * Taxes are paid in their entirety in the year that the tax obligation is incurred. t Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Construct a balance sheet for Fincorp for 2018 and 2019. (Enter your answers in thousands of dollars.) Fincorp Inc. Balance Sheet 2019 Liabilities and Shareholders' Equity Assets 2018 2018 2019 Total liabilities Total assets Total liabilities and shareholders' equity