Superior's dividend declarations

Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $20,000 and the year-end balance was $25,000. The additional paid-in capital account balance increased $2,500 during the year. The retained earnings balance at the beginning of the year was $75,000 and the year-end balance was $91,000. Net income was $26,000. How much were Superior's dividend declarations during its recent year of operation?

Get Top-Notch Quality Essays TODAY !

Ready to join our block community of business leaders for four days of virtual sessions on driving developer happiness and boosting productivity?

Place Order