Beginning assets were $718,000, beginning equity was $234,000,

MC Qu. 164 Beginning assets were...

Beginning assets were $718,000, beginning equity was $234,000, revenue for the year was $541,000, common stock issued during the year totaled $356,000, expenses for the year were $401,000, ending equity is $691,000, and ending assets are $981,000. What were the total dividends declared?

	$39,000
	$185,000
	$1,025,000
	$140,000
	$317,000

691,000 + 401,000 – 541,000 – 356,000 - 234,000 = 39,000