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DeCordova Decorating, 2019 Income Statement Amount Net Sales $21,415 Cost of goods sold $16,408 Depreciation $1,611 Earnings before interest and taxes (EBIT) $3,396 Interest paid

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DeCordova Decorating, 2019 Income Statement Amount Net Sales $21,415 Cost of goods sold $16,408 Depreciation $1,611 Earnings before interest and taxes (EBIT) $3,396 Interest paid $1,282 Taxable income $2,114 Taxes $423 Net Income $1,691 In the following balance sheet, the assets are shown above the liabilities & equity for formatting purposes. DeCordova Decorating, Balance Sheet ASSETS 2018 2019 Current assets Cash & equivalents Accounts receivable Inventory Total current assets Net fixed assets $668 $1,611 $3,848 $6,127 $17.489 $23,616 $297 $1,527 $2.947 $4,771 $17.107 $21,878 Total assets 2018 2019 $1,694 $1,532 Liabilities & Equity Current liabilities Accounts payable Notes payable Total current liabilities Long term debt Common equity Common stock $0 $2,500 $4,194 $9,800 $1,532 $10,650 $7,500 $7,000 $2.122 $2,696 Retained earnings Total common equity Total liabilities and equity $9,622 $23,616 $9,696 $21,878 How much did the firm pay out in 2019 in common dividends based on the above data? Select one: 0 $949 0 $1,005 0 $1,117 0 $1,691 $574

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