The Following Are Relevant Account Balances from Hampton's Comparative Balance

question 44

Essay

The following are relevant account balances from Hampton's comparative balance sheet and 2017 income statement. Hampton's balance sheets:
$$\begin{array}{l}\begin{array} { | l | l | l | } \hline &\text { December } 31,2017 & \text { January } 1,2017 \\\hline\text { Cash } & \$ 6,000 & \$ 9,000 \\\text { Accounts receivable } & 8,000 & 12,000 \\\text { Merchandise irventory } & 29,000 & 18,000 \\\text { Prepaid rent } & 6,000 & 4,000 \\\text { Equipment } & 100,000 & 8000 \\\text { Accumulated depreciation } & ( 28,000 ) & ( 13,000 ) \\\text { Tatal assets } & \$ 121,000 & \$ 110,000 \\& & \\\text { Accounts payable } & \$ , 000 & \$ 25,000 \\\text { Dividends payable } & 6,000 & 4,000 \\\text { Cammon stock } & 38,000 & 32,000 \\\text { Retained earnings } & 68,000 & 49000 \\\text { Total liabilities and shareholders' equity } & \$ 121,000 & \$ 110,000\\\hline\end{array}\end{array}$$
Other information:
No equipment was sold or retired during 2017. Hampton's net income for 2017 was $33,000.
Calculate the amount of dividends paid during 2017.

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Definitions:

Thymus

A specialized primary lymphoid organ of the immune system, where T cells mature, located in the chest between the lungs.

Specific Immunity

Immunity that is characterized by the body's ability to recognize and specifically respond to particular pathogens or foreign substances.

Antigen-Antibody Complexes

Complexes formed when antibodies bind to specific antigens, triggering immune responses and playing a critical role in pathogen neutralization and removal.

Complement

A complex system of proteins in the blood that works with the immune system to help clear pathogens from an organism.