Reference no: EM133013866

Question - DeBauge Realtors Inc. is a realty firm owned by Jeff and Kristi DeBauge. The DeBauge family owns 100% of the corporation's stock. The following summarized data (in thousands) are taken from the December 31, 2019, financial statements:

For the Year Ended December 31, 2019: Commissions revenue $143

Cost of services provided 59

Advertising expense 31

Operating income $53

Interest expense 4

Income tax expense 16

Net income $33

At December 31, 2019: Assets Cash and short-term investments $32

Accounts receivable, net 43

Property, plant, and equipment, net 123

Total assets $198

Liabilities and Stockholders' Equity Accounts payable $92

Income taxes payable 10

Notes payable (long term) 47

Paid-in capital 24

Retained earnings 25

Total liabilities and stockholders' equity $198.

Required - Calculate the amount of dividends declared and paid to Jeff and Kristi DeBauge during the year ended December 31, 2019. What proportion of the company's earnings are distributed as dividends?