In the first three years of operations, Lindsey Corporation reported net income(loss) of $(150,000), $100,000, and $250,000. At the end of the third year, Lindsey Corporation has a balance of $120,000 in its Retained Earnings account. What is the total amount of dividends Lindsey Corporation paid over the three years?

$80,000

Explanation:

The calculation of the total amount of dividend for three years is given below

= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance

= -$150,000 + $100,000 + $250,000 - $120,000

= $200,000 - $120,000

= $80,000

And,

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid

So, we used the same formula to compute the dividend amount

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total