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Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the

Based on the information in Table 3-1, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).

Jones Company

Financial Information

December 2009

December 2010

Net Income

$2,000

$4,000

Accounts receivable

750

950

Accumulated depreciation

1,000

1,500

Common stock

4,500

5000

Paid-in capital

7,500

8500

Retained earnings

1,500

3,500

Accounts payable

750

750

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