(3) Based on the information below, what is the cash paid for dividends in Year 4 that should appear in the Statement of Cash Flows as an outflow in the financing activities section? Spring Corporation Comparative Balance Sheet at 12/31, Year 3 and Year 4 Year 3 Year 4 Retained earnings 61,600 37,700 Additional Information: a. Net income for Year 4 was $11,300. b. A 5% stock dividend was declared and issued during the year. The dividend involved 1,000 shares of $10 par common stock; the market value of the stock on the date of issuance was $12 per share. c. There was no Dividends Payable account in Year 3 or Year 4