Question: On September 1 5 , 2 0 2 6 , MD Soccer Academy declares a quarterly cash dividend of $ 0 . 1 0 per

On September 15,2026, MD Soccer Academy declares a quarterly cash dividend of $0.10 per share payable on October 10,2026 to all stockholders of record on October 7,2026. On December 15,2026, MD Soccer declares a quarterly cash dividend of $0.10 per share payable on January 10,2027 to all stockholders of record on January 7,2027. The company has 419,000 shares outstanding.
Required:
Compute the total dividends declared for the year ended December 31,2026.
Compute the total dividends paid for the year ended December 31,2026.
Assuming net income of $82,000 and a beginning balance in retained earnings of $1,079,000, determine the balance of retained earnings as of the year ended December 31,2026.

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