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Milo. Inc. started the year with three stockholders and $150,000 in total Stockholder's Equity. During...

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Milo. Inc. started the year with three stockholders and $150,000 in total Stockholder's Equity. During the year, each shareholder made an additional investment of $10,000 and net income for the year was $20,000. If the company's ending Stockholder's Equity on December 31 is $140,000, how much was paid out in dividends to each individual shareholder? Select one: a. $60,000 b. $13,333 c. $40,000 O d. $20,000 During 2019, Chihuahua Corporation had total credit sales of $56,000, received total cash collections of $45,000, wrote off $3,600 of uncollectible accounts, and recovered $4,000 of previously written off accounts. If the accounts receivable balance on January 1, 2019 is $26,300, what is the balance in the account on December 31, 2019? Select one: a. $36,900 b. $41,300 c. $37,700 d. $75,100

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