The following account balances were drawn from the financial records of Kent Company (KC) as of January 1, Year 5: Assets, $17,500; Liabilities, $4,700; Common Stock, $8,400; and Retained Earnings, $4,400. KC has agreed to pay the creditors $470 of interest per year. Further, KC agrees that for the Year 5 fiscal year any annual earnings remaining after the interest charges will be paid out as dividends to the owners. Required a. Assuming KC earns a before interest expense recognition profit of $1,040 during Year 5, determine the amount of interest and dividends paid. b. Assuming KC earns a before interest expense recognition profit of $605 during Year 5, determine the amount of interest and dividends paid. c. Assuming KC earns a before interest expense recognition profit of $100 during Year 5, determine the amount of interest and dividends paid. a. Amount of interest Dividends paid b. Amount of interest Dividends paid c. Amount of interest Dividends paid