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please answer ASAP Which of the following best describes stockholders' equity? The difference between a company's assets and liabilities. The initial claim on value of

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Which of the following best describes stockholders' equity? The difference between a company's assets and liabilities. The initial claim on value of a company's assets before it pays off its tiabilities. Purple Dog Pet Supply Inc. (PDPS) released its annual results and financial statements. Lucia is reading the summary on Purple Dog's website. In its annual report this year PDPS reported a net income of $155,000. Last year, the company reported a retained earnings balance of $476,000, whereas this year it increased to $560,000. If Purple Dog Pet Supply Inc. paid out dividends this year, how much did they pay out? $1,036,000 $321,000 $71,000 $239,000

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