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In the first three years of Almukahal Corp's operation, it earned net income of -$150,000, $100,000, and $250,000. At the end of the third year,
In the first three years of Almukahal Corp's operation, it earned net income of -$150,000, $100,000, and $250,000. At the end of the third year, Almukahal Corp has a balance of $120,000 for its retained earnings account. What is the total amount of dividends Almukahal Corp has pard over the three years?
a. $130,000
b. $120,000
c. $80,000
d. $380,000
e. none of the above
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