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Compute the amount of cash dividends paid during the year

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Reference no: EM133061927

Question - The accountant for Robinson Company is preparing the company's statement of cash ?ows for the fiscal year just ended. The following information is available:

Retained earnings balance at the beginning of the year $156,000

Cash dividends declared for the year $46,000

Proceeds from the sale of equipment $81,000

Gain on the sale of equipment $7,000

Cash dividends payable at the beginning of the year $18,000

Cash dividends payable at the end of the year $40,000

Net profit for the year $92,000

Required - Compute the amount of cash dividends paid during the year?

Reference no: EM133061927

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