Relationships Among the Financial Statements
The following information for Kellman Inc. is available at the end of 2013.
| Total assets on 12/31/2012 |
|
$72,300 |
| Total assets on 12/31/2013 |
|
78,400 |
| Total liabilities on 12/31/2012 |
|
12,100 |
| Total liabilities on 12/31/2013 |
|
9,800 |
| Common stock on 12/31/2012 |
|
50,000 |
| Common stock on 12/31/2013 |
|
50,000 |
| Net income for 2013 |
|
14,700 |
Required:
Calculate the amount of dividends reported on the retained earnings statement for 2013.