Saved Help Save & Exit Submit 3. The following account balances were drawn from the financial records of Kent Company (KC) as of January 1, Year 5: Assets, $12,000; Liabilities, $3,600: Common Stock. $6.200; and Retained Earnings. $2,200 KC has agreed to pay the creditors $360 of interest per year. Further, KC agrees that for the Year 5 fiscal year any annual earnings remaining after the interest charges will be paid out as dividends to the owners. Required a. Assuming KC earns a before interest expense recognition profit of $820 during Year 5, determine the amount of interest and dividends paid b. Assuming KC earns a before interest expense recognition profit of $440 during Year 5, determine the amount of interest and C. Assuming KC earns a before interest expense recognition profit of 5100 cturing Year 5, determine the amount of interest and dividends paid a Amount of interest Dividends paid b. Amount of interest Dividends paid C Amount of interest Dividends paid