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Determine the company declared and paid dividends

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Question 1: On December 31, 2018, Ditka Inc. had Retained Earnings of $274,800 before its closing entries were prepared and posted. During 2018, the company had service revenue of $175,100 and interest revenue of $84,800. The company used supplies in the amount of $91,400, advertising expenses were $17,100, salaries and wages totaled $19,350, and income tax expense was calculated as $15,100. During the year, the company declared and paid dividends of $6,700.

Reference no: EM132488925

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