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Rugby Rocks, Inc. had a Retained Earnings balance of $13,000 at December 31, 2012. The company had an average income of $6,000 over the next
Rugby Rocks, Inc. had a Retained Earnings balance of $13,000 at December 31, 2012. The company had an average income of $6,000 over the next 4 years, and an ending Retained Earnings balance of $14,000 at December 31, 2016. What was the total amount of dividends paid over the last four years? $23,000 $22,250 $24,500 $26,000
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