Fairfax info:
sales 750,000
costs 500,000
income tax rate 40%
Retained earnings 200,000
machine 100,000
machine dep 20,000
increase selling value machine to 120,000
interest on debt 25,000
net working capital 15,000
fixed selling, general, administrative costs 5,000

I have already made an income statement but now I have to figure out if retained earnings are increased by 50,000 how much did Fairfax pay in dividends.HELP

If you have already done an Income Statement, what is the Net Income? It should be more than 50,000. Subtract 50,000 from the Net Income and you have your dividends amount.