11 Question 4 of 12 On January 1, 2022, Julianna Company had a credit balance of $24,000 in retained earnings. Julianna Company reported $12,000 of revenues and $4,000 of expenses in 2022. On December 31, 2022, Julianna Company had a credit balance of $31,250 in retained earnings. Assume no other transactions except for dividends affected the Company's retained earnings during the year. During 2022, what was the total amount of dividends declared by the Company? $