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PLEASE answer the following question asap.. On 12/31/2020, Heaton Industries Inc. reported retained earnings of $450,000 on its balance sheet, and it reported that it
PLEASE answer the following question asap..
On 12/31/2020, Heaton Industries Inc. reported retained earnings of $450,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020?
Select the correct answer.
a. $277,500
b. $277,737
c. $277,579
d. $277,658
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