Statement of Cash Flows, Financing Activities. An analysis of BACOLOD, Inc.'s Stockholders' Equity section of its Statement of Financial Position at December 31, 2021 are as follows: December 31, 2021...

FINANCING ACTIVITIES

How much is cash paid for dividends?

Extracted text: Statement of Cash Flows, Financing Activities. An analysis of BACOLOD, Inc.'s Stockholders' Equity section of its Statement of Financial Position at December 31, 2021 are as follows: December 31, 2021 January 1, 2021 4,000,000 5,250,000 P Ordinary share capital, P10 par Share premium Retained earnings, unappropriated 1,250,000 750,000 2,750,000 3,450,000 The following transactions happened during the year: (1) The company issued 125,000 ordinary shares at an undisclosed amount. (2) The company earned a net profit of P2,050,000 and paid dividends at the end of year at an undisclosed amount.