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Last year Pepe's TacoShopshowed $850,000 in the common stock account on theBalance Sheetalong with $5.95 million in the additional paid-in surplus...
Last year Pepe's Taco Shop showed $850,000 in the common stock account on the Balance Sheet along with $5.95 million in the additional paid-in surplus account. This year the Balance Sheet shows $835,000 and $8.7 million in the same two accounts, respectively. The current Income Statement also reports the company paid out $550,000 in cash dividends and $500,000 in interest. What was the cash flow to stockholders for the year?
A) $2,185,000
B) $285,000
C) $8,985,000
D) $300,000
E) -$2,185,000