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Prepared a adjusted balance sheet?


Cash $26,667
Prepaid Insurance $450
Film on Hand $250.00
Cameras $20,000
Accumulated Depreciation-Cameras $3,667
Accounts payable $7,000
Unearned Revenues $5,700
Note payable $3,000
Capital stock $1,000
Retain earnings $5,800
Dividends $1,200
Revenue $28,000
Utilities expense $3,200
Salaries Expense $2,400
Other information:
Insurance policy dated december 1, the monthly insurance is $50
film on hand december 31 20x7 $180
cameras were purchase on January 1 20x7 the estimate life is 5 years
balance in unearned revenue $2,000
interest owed but not paid on the note $30.00
Salaries owed but not paid on december 31 were $2,000

Are the Dividends of $1200 paid by the company or received by the company??

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