accountant
Question
The accountant for Crusoe Company is preparing the company’s statement of cash flows for the fiscal year just
ended. The following information is available:
| Retained earnings balance at the beginning of the year | $ 135,500 |
| Cash dividends declared for the year | 55,500 |
| Proceeds from the sale of equipment | 90,500 |
| Gain on the sale of equipment | 8,900 |
| Cash dividends payable at the beginning of the year | 27,500 |
| Cash dividends payable at the end of the year | 31,400 |
| Net income for the year | 101,500 |
| The amount of cash dividends paid during the year would be: |
$267,000.$271,100.$295,000.$193,000.
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