The following information is for Kowloon Company: 20X2 20X1 Loans Payable $12,000 $25,000...
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Accounting
The following information is for Kowloon Company:
20X2 20X1
Loans Payable $12,000 $25,000
Retained Earnings 79,000 76,000
Common Stock 32,000 27,000
Net Income 25,000 24,000
Using this information, compute the cash paid for dividends in 20X2.
(Write the dollar amount of your answer. Do not write the dollar sign.)
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