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Styles 3. The Retained Earnings balance of Mantua Company was $128,700 on January 1, 2018. et Income for 2018 was $72,820. For the fiscal year

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Styles 3. The Retained Earnings balance of Mantua Company was $128,700 on January 1, 2018. et Income for 2018 was $72,820. For the fiscal year of 2018 there is no stock dividends nor property dividends declared. If Retained Earnings had a credit balance of $57,750 after closing entries were posted on December 31, 2018, and if additional stock of $35,750 was issued during the year, dividends declared during 2018 were: a. $106.700 b. $143.770 c. $179,520 d. $158,125 4. Which of the following is the date to record dividends(a contra account to Oetained earnings) in case of cash dividends? a. Dividends payment date b. Date of closing stockholeders' record c. Date of declaration date d. Date of information 2

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