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A firm began operations on January l, 2018. Revenues for the year ended Decem- ber 31, 2018, were S506,000, and revenues for the year

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A firm began operations on January l, 2018. Revenues for the year ended Decem- ber 31, 2018, were S506,000, and revenues for the year ended December 31, 2019, were S Expenses for the year ended December 31, 2018, were S250,800, and for the year ended December 31, 2019, expenses were SS 17,000. Dividends for 2018 were

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