What were total dividends paid by the firm


The year-end 2009 balance sheet for Tom's Copy, Inc. lists common stock ($1.00 par value) of $17,221, capital surplus of $28,336 and retained earnings of $48,292. On the 2010 year-end balance sheet, retained earnings are listed as $50,858. The firm's net income in 2010 was $7,211. No stock was issued or repurchased in 2010. What were total dividends paid by the firm in 2010?

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Accounting Basics: What were total dividends paid by the firm
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