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6 Allen White Assets $12,000 $14,000 Liabilities $9,640 $3,220 Common Stock $1,920 $7,560 + + + Retained Earnings $ 1,440 $3,220 Required a. Based on

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6 Allen White Assets $12,000 $14,000 Liabilities $9,640 $3,220 Common Stock $1,920 $7,560 + + + Retained Earnings $ 1,440 $3,220 Required a. Based on this information alone, can White pay a $2,400 dividend? eBook Yes No Hint Print b-1. Reconstruct the accounting equation for each company using percentages on the right side of the equation instead of dollar values. References Company Assets Liabilities Stockholders' Equity Common Retained Stock Earnings % + % % + Allen White % + %

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