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A company provides the following financial information related to its retained earnings for the year ended December 31, 2020. (All dollar amounts in thousands.) -
A company provides the following financial information related to its retained earnings for the year ended December 31, 2020. (All dollar amounts in thousands.) - Retained earnings balance as of January 1, 2020: \$35,990 - Net sales for year 2020: \$7,918 - Net income for year 2020: \$1,584 - Dividends paid to shareholders in year 2020: \$272 For year 2021 , net income is forecasted to be $1,620. Use the information above to forecast the following amounts for year (2021). What is the forecasted amount of dividends paid to a. shareholders in year 2021? What is the forecasted ending balance of retained earnings as b. of December 31, 2021
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