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Melon Inc has 20 million shares of common stock outstanding, net income is $5,000,000 and the stockholders equity portion of the company is given below;

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Melon Inc has 20 million shares of common stock outstanding, net income is $5,000,000 and the stockholders equity portion of the company is given below; Common stock (5 million shares at $10 par value) $50,000,000 Capital in excess of par 17,000,000 Retained Earnings 33,000,000 $100,000,000 Current market value of the company's stock is $20 per share. How much is the ending balance of the financial statement after cash dividend ? * 80,000,000 O 70,000,000 60,000,000 O 64,100,000 Melon Inc has 20 million shares of common stock outstanding, net income is $5,000,000 and the stockholders equity portion of the company is given below; Common stock (5 million shares at $10 par value) $50,000,000 Capital in excess of par 17,000,000 Retained Earnings 33,000,000 $100,000,000 Current market value of the company's stock is $20 per share. How much is the ending balance of the financial statement after cash dividend ? * 80,000,000 O 70,000,000 60,000,000 O 64,100,000

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