The following account balances were drawn from the financial records of Kent Company (KC) as of January 1, Year 5: Assets, $15,000; Liabilities, $4,200; Common Stock, $7,400; and Retained Earnings, $3,400. KC has agreed to pay the creditors $420 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 $940 during Year 5, determine the amount of interest and dividends paid. b. Assuming KC earns a before interest expense recognition profit of $530 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 420 $ $ 110 Dividends paid b. Amount of interest Dividends paid c. Amount of interest Dividends paid