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Question 10 A firm has beginning retained earnings of $6,880 and ending retained earnings of $7,430. What is the amount of dividends paid if the firm earned a net income of $5,130 $3,380 $5,680 $4,580 $5,130 Question 11 MECCS Inc. has net income of $1,679, interest expense of $372, sales of $7,290, addition to retained earnings of $371, selling and general expenses of $1,820, and depreciation of $990. What is the amount of dividends paid if the tax rate is 21 percent? $1,308 $1,980 $936 $2,874