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20. Calculate ending retained earnings as of 12/31/17 from the below info from 2017: Net income $185,000 Retained earnings 12/31/16 $1,585,000 Cash dividends paid $120,000
20. Calculate ending retained earnings as of 12/31/17 from the below info from 2017: Net income $185,000 Retained earnings 12/31/16 $1,585,000 Cash dividends paid $120,000 Stock dividends issued $150,000 21. Ellie Inc. has 6% cumulative preferred stock, $10 par value, 20,000 shares authorized, 12,000 shares issued, and 10,000 shares outstanding. Calculate the following: (a). Annual dividend payment. (b). Semi-annual dividend payment. (c). Quarterly dividend payment. (d). Total dividend payment this year if no dividends were paid for the last 2 years. (e). The number of shares of treasury stock purchased this year
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