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Relationships Among the Financial Statements The following information for Kellman Inc. is available at the end of 2019. Total assets on 12/31/2018 $72,500 Total assets
Relationships Among the Financial Statements
The following information for Kellman Inc. is available at the end of 2019.
Total assets on 12/31/2018 | $72,500 | |
Total assets on 12/31/2019 | 78,300 | |
Total liabilities on 12/31/2018 | 12,100 | |
Total liabilities on 12/31/2019 | 9,800 | |
Common stock on 12/31/2018 | 50,000 | |
Common stock on 12/31/2019 | 50,000 | |
Net income for 2019 |
14,700
|
Calculate the amount of dividends reported on the retained earnings statement for 2019.
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