3. The balance in retained earnings at December 31,2021 was 720,000 and at December 31,2022 was 582,000. Net income for 2022 was 500,000. A share dividend was declared and distributed which increased share capital 200,000 and share premium 110,000. A cash dividend was declared and paid. (1) The amount of the cash dividend was A. 638,000. B. 328,000. C. 248,000. D. 442,000. (2) The share dividend should be reported on the statement of cash flows (indirect method) as A. an outflow from financing activities of 310,000. B. an outflow from investing activities of 310,000. C. an outflow from financing activities of 200,000. D. Share dividends are not shown on a statement of cash flows