Bridgewater Furniture has sales of $811,000, costs of

Bridgewater Furniture has sales of $811,000, costs of

Bridgewater Furniture has sales of $811,000, costs of $658,000, and interest paid of $21,800. The depreciation expense is $56,100 and the tax rate is 34 percent. At the beginning of the year, the firm 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. What is the amount of the dividends paid for the year?Answer $15,266$19,466$31,566$41,066$45,366

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