During the year stockholders equity increased from $93k to $105k. Earned net income is $17k. No changes in capital stock amounts. How much in dividends were declared during the year?

MBA-503-21831 Financial Reporting & Analysis 19TW1 Amy O'Brien & | 10/30/19 6:07 Homework: 1-2 MyAccountingLab: Module One Homework Score: 0 of 2 pts 11 of 38 (10 complete) HW Score: 26 67%, 20 of QC1-11 (similar to) Question Help During the year, McCarthy Company's stockholders' equity increased from 593,000 to $105.000. McCarthy eamed net income of $17.000. Assume no changes in the capital stock accounts. How much in dividends did McCarth declare during the year? A. 55.000 O B. SO OC. $12.000 OD. 517.000