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Services Inc provides you with the asset and liability balances from the company's comparative balance sheet as well as the income statement for the 12

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Services Inc provides you with the asset and liability balances from the company's comparative balance sheet as well as the income statement for the 12 months ended 12/31/20X2. 12/31/20X1 12/31/20X2 Cash $18,800 $17,700 Accounts receivable 34,000 33,000 Prepaid Advertising Expense 17,000 14,000 Prepaid Insurance Expense 8.000 10,000 Office Supplies 11,000 7,000 Service equipment 90,000 101,000 Office equipment 70,000 78,000 Accumulated depreciation 52,000 74,000 Accounts payable-FSC 3.000 5,000 Dividends Payable 32,000 26,000 Rent Payable 4,000 5,000 Salaries Payable 7,000 6,000 Utilities Payable 800 700 $340,000 Service Revenue Less: Operating Expense: Advertising Expense Salary Expense Depreciation Expense Office supplies expense Insurance Expense Miscellaneous Expense Rent Expense Utilities Expense Net Income $28,000 162,000 22,000 29,000 22,000 3,000 32,000 8.000 $306,000 $34,000 Using only the information provided in this question's fact pattern: if the Service's owner's contributed $22,000 of capital during the twelve months ended 12/31/20X2, what was the value of dividends declared during this same time period

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