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8. During its first five years of operations, Amish Consulting reports net income and pays dividends as follows. Year Net Income Dividends 12345 $5,000 $2,000
8. During its first five years of operations, Amish Consulting reports net income and pays dividends as follows. Year Net Income Dividends 12345 $5,000 $2,000 2 4,000 3,000 3 6,000 2,000 14,000 4,000 21,000 3,000 If the company paid no dividends in year 6, what would the company's Net Income need to be for ending Retained Earnings to be $54,000? a. $18,000 b. $36,000 c. $50,000 d. $11,000
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