Use the information below for Barton Shipping Corp for 2015 and 2016 to answer the following question. Retained earnings, December 31, 2015 $300,000 Retained earnings, December 31, 2016 345,000 Dividends payable, December 31, 2015 19,000 Dividends payable, December 31, 2016 29,000 Net income—2016 150,000 How much cash did Barton Shipping pay for dividends during 2016?

a. $ 95,000
b. $105,000
c. $115,000
d. $140,000


a

Business

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Business

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Business