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The year-end 2009 balance sheet for Tom's Copy, Inc. lists common stock ($1.00 par value) of $ 17,728 , capital surplus of $ 17,455 and
The year-end 2009 balance sheet for Tom's Copy, Inc. lists common stock ($1.00 par value) of $ 17,728 , capital surplus of $ 17,455 and retained earnings of $ 48,123 . On the 2010 year-end balance sheet, retained earnings are listed as $ 50,538 . The firm's net income in 2010 was $ 7,440 . No stock was issued or repurchased in 2010. What were total dividends paid by the firm in 2010?
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