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New Orleans Chemicals company follows the indirect method to prepare its statement of cash rows. Refer to the fol New Orleans Chemicals Company Comparative Balance
New Orleans Chemicals company follows the indirect method to prepare its statement of cash rows. Refer to the fol New Orleans Chemicals Company Comparative Balance Sheet December 31, 2018 and 2017 Common Stock Retained Earnings Treasury Stock Total Equity 2018 $31,000 156,000 (8.100) $178.900 2017 $2.300 91.000 (5,500) $87,800 Increase (Decrease) $28.700 65.000 2.600) $91,100 Net Income for 2018 was $91.000 Based on the above information determine the amount of dividends declared during 2018 O A. $65.000 O B. $91,000 OC. $2,600 OD. $26,000
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