Reference no: EM131226909
At the beginning of the year, Silly Slush had retained earnings of $318,300 and common stock of $250,000. At the end of the year, the firm has retained earnings of $322,500 and common stock of $280,000. Silly Slush has sales of $1,023,564, costs of $745,124, and interest paid of $51,200. The depreciation expense is $56,100 and the tax rate is 34 percent. What is the amount of the dividends paid for the year?
a. $108,752
b. $117,152
c. $112,952
d. $0
e. $45,366
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