Refer to the information in the tables above for this question. What was the dividend...
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Refer to the information in the tables above for this question. What was the dividend amount paid to shareholders in 2016?
a. None
b. $76
c. $238
d. $400
e. Not enough information
Balance Sheets for Years Ending 2015 and 2016 2016 Income Statement Assets Liabilities+Shareholders Equity 2016 Income Statement 2015 2016 2015 2016 Sales 2,000 Total Debt: Current Assets 4,000 5,200 Current Liabilities 2,000 2,600 Cost of Goods Sold 400 Long-Term Debt 4,000 5,200 General/admin. expenses 200 Fixed Assets 14,000 18,200 Total SHE Depreciation 200 Common Stock 6,000 9.200 +paid-in surplus Earnings before interest and taxes 1,200 Retained Earnings 6,000 6,400 Interest paid (10% of LTD) 520 TOTAL $18,000 $23,400 TOTAL 18,000 23,400 Taxable Income 680 Taxes paid (30%) 204 Net Income $ 476
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