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The following information for Kellman Inc. is available at the end of 2019. $72,600 Total assets on 12/31/2018 Total assets on 12/31/2019 78,900 Total liabilities
The following information for Kellman Inc. is available at the end of 2019. $72,600 Total assets on 12/31/2018 Total assets on 12/31/2019 78,900 Total liabilities on 12/31/2018 12,100 9,800 50,000 Total liabilities on 12/31/2019 Common stock on 12/31/2018 Common stock on 12/31/2019 Net income for 2019 Required: 50,000 14,000 Calculate the amount of dividends reported on the retained earnings statement for 2019
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