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The following account balances were drawn from the financial records of Kent Company (KC) as of January 1,2018: Assets, $12.000; $360 of interest per Liabilities,

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The following account balances were drawn from the financial records of Kent Company (KC) as of January 1,2018: Assets, $12.000; $360 of interest per Liabilities, $3,600; Common Stock, $6,200;, and Retained Earnings, $2,200. KC has agreed to pay the creditors year. Further, KC agrees that for the 2018 fiscal year any dividends to the owners. annual earnings remaining after the interest charges will be paid out as Required a. Assuming KC earns a before interest expense recognition profit of $820 during 2018, determine the amount of interest and dividends paid dividends paid. dividends paid. b. Assuming KC earns a before interest expense recognition profit of $440 during 2018, determine the amount of interest and c. Assuming KC earns a before interest expense recognition profit of $100 during 2018, determine the amount of interest and a. Amount of interest Dividends paid b. Amount of interest Dividends paid c. Amount of interest Dividends paid

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