tion 12 tanswered The balance in retained earnings at December 31, 2012 was $720,000 and at December 31, 2013 was $582,000. Net income for 2013 was $300,000. A stock dividend was declared and distributed which increased common stock $250,000 and paid-in capital $110,000. A cash dividend was declared and paid. d out of 2.00 ag question a. 5438,000 b. $138,000 OC. $278,000 O d. $78,000 Question 13 $200 000 and paid dividends to ordinary shareholders of $50,000 in