Is Wells Mobile Apps paying too much out in dividends? Why?

Given Information: Enter the appropriate accountsames and numbers in the yellow boxes WELLS MOBILE APPS AND ACCESSORIES Income Statement For Year Ended December 31, 2013 WELLS MOBILE APPS AND ACCESSORIES Adjusted Trial Balance December 31, 2013 $ $ 190,000.00 $ 38,000.00 48,064 5,178 16.000 8.000 133,000 $152,000.00 $ 25,000 Revenues: Sales Less: Cost of goods sold Gross Profit Other Expenses: Depreciation Expense- Building Depreciation Expense - Equipment Salaries Expense Insurance Expense Supplies Expense Advertising Expense Utilities Expense Other expenses Net income 75,800 Cash Accounts receivable Prepaid insurance Merchandise inventory Buildings Accumulated depreciation-Buildings Equipment Accumulated depreciation-Equipment Accounts payable Salaries payable Unearned fees Common stock Retained earnings Dividends Sales Cost of goods sold Depreciation expense-Building Depreciation expense-Equipment Salaries expense Insurance expense Supplies expense Advertising expense Utilities expense Totals $ 13,300.00 $ 7,580.00 $ 52,000.00 $ 890.00 $ 23,958.00 $ 9,830.00 $ 6,000.00 $ 113,558.00 15,000 39,500 8,600 12,500 111,000 60,000 $ 38,442.00 24.000 190,000 WELLS MOBILE APPS AND ACCESSORIES Statement of Retained Earnings For Year Ended December 31, 2013 38,000 13,300 7,580 52,000 890 23,958 9,830 6,000 461,600 $ $ 60,000.00 $ 38,442.00 Retained earnings, December 31, 2012 Plus: Net income Total Less: Dividends Retained earnings, December 31, 2013 $ 98,442.00 $ (24,000.00) 461,600 $ 74,442.00