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Exercise 1-52 (Algorithmic) Relationships Among the Financial Statements The following information for Kellman Inc. is available at the end of 2019. $73,000 Total assets on
Exercise 1-52 (Algorithmic) Relationships Among the Financial Statements The following information for Kellman Inc. is available at the end of 2019. $73,000 Total assets on 12/31/2018 78,100 Total assets on 12/31/2019 12,100 Total liabilities on 12/31/2018 Total liabilities on 12/31/2019 9,800 50,000 Common stock on 12/31/2018 50,000 Common stock on 12/31/2019 Net income for 2019 14,800 Required: Calculate the amount of dividends reported on the retained earnings statement for 2019
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