ucation.com E connect Intermediate Accounting 303: ACCT 303 01 Spring 2018 ING Chapter 12 HW Question 3 (of 16) 3 10.00 points Turner Company owns 100% of the outstanding stock of ICACompany Dring mu ent year, ICA pad a $5.10 milion cash dividend on its common shares What pretax effect did this dividend have on Turner's 2016 financial statements? (Amounts to be deducted should be indicated with a minus sign.) Balance sheet Income statement 2 5 6 tab