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The year-end 2018 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $2,800,000 and retained earnings at $5,100,000. The next year,
The year-end 2018 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $2,800,000 and retained earnings at $5,100,000. The next year, retained earnings were listed at $5,400,000. The firms net income in 2019 was $1,070,000. There were no stock repurchases during the year.
What were the dividends paid by the firm in 2019?
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