Salah's net income for the year ended December 31, Year 2 was $188,000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. At December 31Year 2Year 1Common Stock, $5 par value$503,000? $452,700? Paid-in capital in excess of par 951,000? 855,700? Retained earnings 691,000? 584,700?
A. $106,300.
B. $95,300.
C. $145,600.
D. $81,700.
E. $50,300.
Answer: D
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