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  3. on september 15,2024, md soccer academy declares a

On September 15,2024, MD Soccer Academy declares a quarterly cash dividend of $0.10 per share...

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Accounting

On September 15,2024, MD Soccer Academy declares a quarterly cash dividend of $0.10 per share payable on October 10,2024 to all stockholders of record on October 7,2024. On December 15,2024, MD Soccer declares a quarterly cash dividend of $0.10 per share payable on January 10,2025 to all stockholders of record on January 7,2025. The company has 400,000 shares outstanding.
Required:
Compute the total dividends declared for the year ended December 31,2024.
Compute the total dividends paid for the year ended December 31,2024
Assuming net income of $63,000 and a beginning balance in retained earnings of $1,060,000, determine the balance of retained earnings as of the year ended December 31,2024.
\table[[Total dividends declared,],[Total dividends paid,],[Retained Earnings, end of period,]]
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