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Snark Enterprises, Inc. Snark Enterprises, Inc. Balance Sheets Income Statement 20x3 20x2 20x3 Sales $34,900 Cash $1,000 ? Cost of Goods Sold ($22,000) Accounts receivable
Snark Enterprises, Inc. Snark Enterprises, Inc. Balance Sheets Income Statement 20x3 20x2 20x3 Sales $34,900 Cash $1,000 ? Cost of Goods Sold ($22,000) Accounts receivable $8,000 $9,000 Gross profit $12,900 Inventories $4,000 $7,000 Operating expenses ($10,000) Land $10,000 $10,000 Depreciation ($400) Other fixed assets $5,000 $5,500 EBIT $2,500 Accumulated depreciation ($1,600) ($2,000) Interest expense $500 Total assets $26,400 ? EBT $2,000 Taxes ($1,000) Accounts payable $4,200 $7,000 Net income $1,000 Bonds $4,000 $4,000 Common stock $15,000 $16,000 Retained earnings $3,200 $3,800 Total debt and equity $26,400 ? Based on the above information, what is the total amount of Snark Enterprises' common stock dividend for 2003
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