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Problem 19-9 Addition to Retained Earnings (LO2, CFA8) Lemon Co. has net income of $560,000 and 55,000 shares of stock. If the company pays a

Problem 19-9 Addition to Retained Earnings (LO2, CFA8)

Lemon Co. has net income of $560,000 and 55,000 shares of stock. If the company pays a dividend of $2.11 per share, what are the additions to retained earnings? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

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