Nina Corp. had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. If the Retained Earnings balance at the end of year three is $1,100, what was the total amount of dividends paid over these three years?

A. $500.

B. $0.

C. $9,100.

D. $8,000.

D. $8,000.

Explanation:

total profit / loss in $9,100 = $7,100 + ($1,600) + $3,600

Retained Earnings balance at the end of year three is $1,100, so the total amount of dividends paid over these three years was $8,000 = total profit / loss in $9,100 - Retained Earnings balance at the end of year three of $1,100