Question 6 (4 points)\ Listen\ On

(12)/(31)/15

, Hite Industries reported retained earnings of

$510,000

on its balance sheet, and it reported that it

$135,000

of net income during the year. On its previous balance sheet, at

(12)/(31)/14

, the company had reported

$445,000

of retained earnings. No shares were repurchased during 2015 . How much in dividends did the firm p during 2015 ?\

$77,700

\

$53,200

\

$55,300

\

$60,900

\

$70,000

On 12/31/15, Hite Industries reported retained earnings of $510,000 on its balance sheet, and it reported that it $135,000 of net income during the year. On its previous balance sheet, at 12/31/14, the company had reported $445,000 of retained earnings. No shares were repurchased during 2015 . How much in dividends did the firm p during 2015 ? $77,700 $53,200 $55,300 $60,900 $70,000