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The Following Information Pertains to Alpha Computing at the End

question 46

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The following information pertains to Alpha Computing at the end of 2012:  Assets $970,000 Liabilities $560,000 Net Income $90,000 Common Stock $350,000\begin{array} { | l | r | } \hline \text { Assets } & \$ 970,000 \\\hline \text { Liabilities } & \$ 560,000 \\\hline \text { Net Income } & \$ 90,000 \\\hline \text { Common Stock } & \$ 350,000 \\\hline\end{array} Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2012. What amount of dividends did the company pay in 2012?


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