Question: Based on the information in the table below, calculate the amount of dividends paid by Jones Company in 2022 (no assets were disposed of during
Based on the information in the table below, calculate the amount of dividends paid by Jones Company in 2022 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).
|
| December 2021 | December 2022 |
| Net Income | $1968 | $2999 |
| Accounts receivable | 775 | 920 |
| Accumulated depreciation | 1090 | 1575 |
| Common stock | 4762 | 5208 |
| Paid-in capital | 7195 | 8161 |
| Retained earnings | 3350 | 2772 |
| Accounts payable | 776 | 751 |
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