3) The ending Retained Earnings balance of Carriage, Incorporated decreased by $1.4 million from the beginning of the year. The company declared a dividend of \$5.3 million during the year. What was the net income for the year? A) $6.7 million B) $3.9 million C) $3.0 million D) $1.4 million 2) Draco Company engages in the following cash payments: What is the total amount of cash paid for operating activities? A) $6,000 B) $2,000 C) $7,000 D) $1,500