Question: Using the following information, compute cash paid for dividends. Net income . . . . . . . . . . . . . .

Using the following information, compute cash paid for dividends.
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,000

End of Year Beginning of Year Retained earnings Paid-in capital Cash Dividends payable $ 2,000 50,000 1,300 200 $106,000 44,000 1,000 450

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