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On 12/31/21, Hite Industries reported retained earnings of $480,000 on its balance sheet, and it reported that it had $110,000 of net income during the
On 12/31/21, Hite Industries reported retained earnings of $480,000 on its balance sheet, and it reported that it had $110,000 of net income during the year. On its previous balance sheet, at 12/31/20, the company had reported $445,000 of retained earnings. No shares were repurchased during 2021 . How much in tividends did the firm pay during 2021 ? a. 50 b. $145,000 c. $35,000 d. $110,000 e, $75,000
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