eBook Prim The following account balances were drawn from the financial records of Kent Company (KC) as of January 1, Year 5: Assets, $13,000; Liabilities, $3,800; Common Stock, $6,600; and Retained Earnings, $2,600. KC has agreed to pay the creditors $380 of interest per year. Further, KC agrees that for the Year 5 fiscal year any annual earnings remaining after the interest charges will be paid out as dividends to the owners. Required a. Assuming KC earns a before interest expense recognition profit of $860 during Year 5, determine the amount of interest and dividends paid. b. Assuming KC earns a before interest expense recognition profit of $470 during Year 5, determine the amount of interest and dividends paid. c. Assuming KC earns a before interest expense recognition profit of $100 during Year 5, determine the amount of interest and dividends paid. ferences a. Amount of interest Dividends paid b. Amount of interest Dividends paid eAmount of interest Dividends paid