None Bodie Corporation reported the following amounts in its financialstatements:Retained earnings, Jan. 1, 2023$77,911Retained earnings, Dec. 31, 2023$135,328Net income, 2023$95,139$What were the dividends declared and paid in 2023?

Retained Earnings Equation:Retained earnings at the beginning of the year (Jan. 1, 2023) + Net…

Answered: Bodie Corporation reported the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 17PA: Using the following Company W information, prepare a Retained Earnings Statement. Retained earnings...

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Bodie Corporation reported the following amounts in its financial statements: Retained earnings, Jan. 1, 2023 $77,911 Retained earnings, Dec. 31, 2023 $135,328 Net income, 2023 $95,139 $ What were the dividends declared and paid in 2023?