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Given the following information for Langs, Inc., calculate per share dividend dollar amount (that is, the dividends per share), rounded to the nearest cent (i.e.,
Given the following information for Langs, Inc., calculate per share dividend dollar amount (that is, the dividends per share), rounded to the nearest cent (i.e., $5.21843 = $5.22) that the company paid out in 2020: Retained earnings reported on December 31, 2019 balance sheet: $4,216,800 Retained earnings reported on December 31, 2020 balance sheet: $4,326,800 Net Income reported on December 31, 2019 income statement: $658,700 Net Income reported on December 31, 2020 income statement: $547,900 Number of shares of common stock outstanding at the end of 2019: 206,600 shares Number of shares of common stock outstanding at the end of 2020: 220,000 shares
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