18. value: 3.33 points Bagwell's net income for the year ended December 31, Year 2 was $196,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. At December 31 Year 2 Year 1 $ 459,900 $ 511,000 Common Stock, $5 par value Paid-in capital in excess of par 959,000 862,900 Retained earnings 699,000 591,900 O $51,100. $107,100. O $96,100. $88,900. O $147,200