5. On December 10, 2019, Jennings, Inc. paid out total dividends of $550,000 (this was the only dividend payment made during the year). If Jennings reported Retained earnings of $2,168,000 for 2018 and Retained earnings of $2,380,000 for 2019, what was Jennings reported net income in 2019? 6. In 2019, Variman, Incorporated had Gross Accounts receivable of $136,200 and management estimated the Allowance for Doubtful accounts to be $12,500. Compute the ratio of Allowance of Doubtful accounts to Net Accounts receivable for Variman, Inc. for 2019 (that is, compute Allowance/Net Accounts receivable - record your answer as a percent rounded to one decimal place; for example, record 0.234567 as 23.5%)