The 2021 year-end trial balance for Fuentes Consulting Services, Inc. reflects the following balances (except for dividends):

Accounts payable 2,200

Notes payable 42,000

Common stock 1,000

Interest expense 2,000

Retained earnings (January 1, 2021) 10,500

Cash 12,500

Service revenue 398,000

Accounts receivable 200,000

Unearned revenue 18,000

Accumulated depreciation - Building $21,000

Insurance expense 10,000

Salaries expense 25,000

Building 100,000

Depreciation expense 3,000

Instructions

1. Prepare a well-formatted balance sheet for Fuentes at December 31, 2021.

2. Calculate 2021 dividends.