The following information pertains to alpha computing at the end of 2021: assets $ 962,500 liabilities $ 427,500 net income $ 280,000 common stock $ 305,000 alpha computing's retained earnings account had a zero balance at the beginning of 2021. what amount of dividends did the company declare in 2021? multiple choice $51,000 $52,000 $53,000 $50,000

$50.000

Explanation:

The Total Assets must be equal to the sum of Liabilities plus Equity:

Assets = Liabilities + Equity

It means that 962.500 = 427.500 + 305.000 + 230.000

If we have a net income of 280.000, we deduct $230.000 that must be keeping in the balance sheet, we have a Dividends of $50.000.

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