3. A company had the following net income (loss) for the first three years of operations, respectively: $4,200, ($2,500) and $3,300. If the balance of Retained Earnings at the end of year 3 is $3,490, the total amount of dividends paid over the three-year period is 5. ABC enters a futures contract to buy 400 bushels of wheat at $5.50 each. If the spot price on settlement date is $4.00, ABC's total loss is 7. ABC issued $400,000 of 8% semiannual bonds for $428,425 when the market rate was 7%. ABC uses the effective interest method. At the first interest payment date, interest expense is 8. ABC issued $550,000 bonds at par anc designates an interest rate swap as a fair value hedge of the bonds. During the year the fair value of the bonds falls to $507,201. On the balance sheet, ABC shows the bonds at 11. A company had the following balances after its first year of operations: assets, $16,500; stockholders' equity, $8,600; dividends, $400; and net income, $1,300. The amount of liabilities is