At the beginning of the current fiscal year, Mindspin Labs balance sheet showed assets of $1,350,000 and liabilities of $1,050,000. During the year, liabilities decreased by $70,000. Net Income for the year was $350,000, and Stockholder's Equity at the end of the year were $386,000. There were no changes in paid-in capital during the year. Required: Calculate the dividends, if any, declared during the year. Calculate the total assets at the end of the year. Dividends Total assets at the end of the year

Required:

Calculate the dividends, if any, declared during the year. Calculate the total assets at the end of the year.

Dividends
Total assets at the end of the year