What total dollar amount did WolfWorx pay in dividends, if any?

You may Retained Earnings increased during the year by S107,000 need WolfWorx is not in the business of lending money, but did so for a friend and earned some interest. this The firm has never issued Preferred Stock or bonds. info. WolfWorx has issued 50000 shares of stock. Interest carned from loan to friend 1,380 Long-term Machinery Debt 480.000 Property Plant & Equipment 1910,000 Accounts Payable 32,000 Federal Income Tax (Paid) 39.980 Accumulated Depreciation 409,500 Depreciation Expense 43,000 Interest Expense 32,000 Common Stock 400.000 Sales 820,000 End N140,000 Cost of Goods Sold 450,000 Inventory 185,000 Cash-Operating Expenses 106.000 Accounts Receivable 44,000 Gusto 28,500 Current Portion of Long Term Debt 36,000 Long-term and Debt 610,000 Short-term Notes 55,000 Net Income 150 MO ?? (calc it!) Preferred Stock 0 Accruals 12.500 Retained Earnings *calculate the Retained Earnings value to make your Balance Sheet balance Wolf Worx, Inc. Income statement Jan I to Dec 31, 2020 Heading: Sales (Revenue) COGS 820.000 (450,000) 100% 54.38% Gross Revenue 370,000 Depreciation Expense 43,000 Cash Operating Ex. 06000 Total OP Expense 149.000 221,000 Interest Earned +1,380 (32,000) 45.12% 5.24% 12.93% 18.17% 26.95% 0.17% 3.90% EBIT (Operating Profit) Interest Exp EBT (Taxable income) 190,380 (39.980) 23.22% 4.882 Federa) Income Tax 150,400 18.34% Net Income Balance Breet December 31, 2020 Heading: ASSETS Current Assets LIABILITIES Current Liabilities 28.500 Cash Account Rec. loventory 44.000 195.000 Accounts Pay. 32.000 Short-term coles 55.000 Current Partion long-term delt 36.000 Accruals 12.soo Total Current Assets 25% 500 Total Current Liabilites 135,500 NonCurrent Assets NonCurrent Liabilities Land 1,140,000 Property Plan & Eque 910,000 Ac Depreciation (404,50 2.T. Machinery Debt 480,000 L.T. Land Debt 610.000 Total NonCurrent Assets LC40,500 Total NonCurrent Liabilites 1,090,000 TOTAL ASSETS 1848.000 TOTAL LIABILITIES 1.225 50 OWNERS EQUITY Common stock 400,000 Retained Earnings 272,500 TOTAL OWNERS EQUITY 672,500 1,898,000 TOTAL LIAB AND O.E