Question: Based on the information in the table below, calculate the amount of dividends paid by Jones Company in 2020 (no assets were disposed of during

Based on the information in the table below, calculate the amount of dividends paid by Jones Company in 2020 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).

December 2019

December 2020

Net Income

$1958

$4798

Accounts receivable

790

944

Accumulated depreciation

1090

1405

Common stock

4760

5264

Paid-in capital

7647

8316

Retained earnings

3310

3325

Accounts payable

755

795

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