For the year ended December 31 2007 Jordan Company had expen

For the year ended December 31, 2007, Jordan Company had expenses of $3,374,000,000 and revenues of $3,486,100,000. The retained earnings balance at the beginning and end of the year were $257,700,000 and $369,400,000, respectively. Compute the net income for Jordan Company for the year ended December 31, 2007 and the amount of cash dividends declared by Jordan Company for the year ended December 31, 2007.

Net income=Revenue-Expenses

=(3,486,100,000-3,374,000,000)=$112,100,000

Beginning retained earnings	257,700,000
Add:net income	112,100,000
Less:dividends(257,700,000+112,100,000-369,400,000)	$400,000
Ending retained earnings	369,400,000

For the year ended December 31, 2007, Jordan Company had expenses of $3,374,000,000 and revenues of $3,486,100,000. The retained earnings balance at the beginni

For the year ended December 31 2007 Jordan Company had expen

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