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Home Depot has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was
Home Depot has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $18,000 and the year-end balance was $19,000. The additional paid-in capital account balance increased $3,400 during the year. The retained earnings balance at the beginning of the year was $70,000 and the year-end balance was $88,000. Net income was $35,000 How much were Home Depot's dividend declarations during its recent year of operation? Multiple Choice $17,000 $53,000 $35,000 o o The dividend declarations cannot be determined given the above information
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