13) Given the following financial statements for ACME Corporation, what amount did the company pay in dividends for 2010?
|Income Statement||Balance Sheet|
|Year Ended 12/31/10||12/31/2010||12/31/2009|
|Cost of Goods Sold||750,000||Gross Fixed Assets||880,000||650,000|
|Operating Expenses||200,000||Less Accumulated Depreciation||450,000||350,000|
|Depreciation Expense||100,000||Fixed Assets||430,000||350,000|
|Net Income||$120,000||Common Stock||5,000||5,000|
|Total Liabilities & Equity||$480,000||$395,000|
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