Exercise 1-52 (Algorithmic) Relationships Among the Financial Statements The following information for Kellman Inc. is available at the end of 2019. Total assets on 12/31/2018 $72,100 78,800 12,100 9,800 Total assets on 12/31/2019 Total liabilities on 12/31/2018 Total liabilities on 12/31/2019 Common stock on 12/31/2018 Common stock on 12/31/2019 Net income for 2019 50,000 50,000 14,800 Required: Calculate the amount of dividends reported on the retained earnings statement for 2019. $ 4,200 x Feedback Check My Work Use the fundamental accounting equation (assets = liabilities + stockholders' equity) to solve for retained earnings. Use this information and the relationships shown on the retained earnings statement to solve for dividends