Relationships Among the Financial Statements The following information for Kellman Inc. is available at the end of the year. Total assets on Jan. 1 $72,000 Common stock on Jan. 1 $50,000 Total assets on Dec. 31 78,800 Common stock on Dec. 31 50,000 Total liabilities on Jan. 1 12,100 Net income for the year 14,400 Total liabilities on Dec. 31 9,800 Required: Calculate the amount of dividends declared reported on the retained earnings statement