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Requirement 2. What amount of dividends did Donna O'Dell declare during the year ended March 31, 2021? (Hint: Prepare a statement of retained earnings.) (Enter
Requirement 2. What amount of dividends did Donna O'Dell declare during the year ended March 31, 2021? (Hint: Prepare a statement of retained earnings.) (Enter an amount in each input field. Input a "0" for zero balances. Enter amounts in millions. Use a minus sign or parentheses when entering net losses or numbers to be subtracted. Include a subtotal after the "Add" line of the statement.) Donna O'Dell Realty Company Statement of Retained Earnings Year Ended March 31, 2021 Retained Earnings, March 31, 2020 Add: Net income for the period Subtotal Less: Dividends declared Retained Earnings, March 31, 2021 (millions) 39.4 17.3 Data table - Total revenue $ 28.4 Investment assets (long-term) $ 78.6 Receivables 0.1 Property and equipment, net 1.7 Current liabilities 2.3 Other expenses 5.4 Common stock 36.5 Retained earnings, beginning 2.9 Interest expense 0.3 Retained earnings, ending ? Salary and other employee expenses 13.6 Cash 57.2 Long-term liabilities 102.8 Other assets (long-term) 10.4 Donna O'Dell Realty Company Balance Sheet March 31, 2021 (Millions) Assets Liabilities Cash $ 57.2 Current liabilities $ 2.3 102.8 Receivables 0.1 Long-term liabilities Investment assets 78.6 Total liabilities 105.1 Property and equipment, net 1.7 10.4 Other assets Stockholders' Equity Common stock 36.5 6.4 Retained earnings Total stockholders' equity 42.9 $ 148.0 $ 148.0 Total assets Total liabilities and stockholders' equity
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