Superior has provided the following information for its recent year of operation: The common stock...
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Accounting
Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $13,000 and the year-end balance was $16,500. The additional paid-in capital account balance increased $2,900 during the year. The retained earnings balance at the beginning of the year was $80,000 and the year-end balance was $83,000. Net income was $30,000. How much were Superior's dividend declarations during its recent year of operation?
$33,000
The dividend declarations cannot be determined given the above information
$27,000
$30,000
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