The following account balances were drawn from the financial records of Kent Company (KC) as of January 1, Year 5: Assets, $10,500, Liabilities, $3,300; Common Stock, $5,600; and Retained Earnings, $1,600. KC has agreed to pay the creditors $330 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 $760 during Year 5, determine the amount of interest and dividends paid. b. Assuming KC earns a before interest expense recognition profit of $395 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. Check my work a. Amount of interest Dividends paid b. Amount of interest Dividends paid c. Amount of interest Dividends paid