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24. ABC Co. has sales of 2,650, operating expenses of 1,900, and interest paid of 120. The depreciation expense is 430 and the tax rate
24. ABC Co. has sales of 2,650, operating expenses of 1,900, and interest paid of 120. The depreciation expense is 430 and the tax rate is 25 %. At the beginning of the year, the firm had retained earnings of 1,720 and common stock of 3,000. At the end of the year, the firm has retained earnings of 1,650 and common stock of 3,500. What is the amount of the dividends paid for the year?
A) 80
B) 150
C) 220
D) 350
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