A business began the year with a normal balance in Retained Earnings of $90,000. During the current year, the business declared and paid $30,000 in dividends and earned net income of $75,000 for the year. On the statement of cash flows, the entry or entries that will appear in the financing activities will include a(n) decrease in cash of $30,000 and an increase of $75,000. increase in cash of $15,000. O decrease in cash of $30,000. decrease in cash of $30,000 and an increase of $165,000.

A business began the year with a normal balance in Retained Earnings of $90,000. During the current year, the business declared and paid $30,000 in dividends and earned net income of $75,000 for the year. On the statement of cash flows, the entry or entries that will appear in the financing activities will include a(n) decrease in cash of $30,000 and an increase of $75,000. increase in cash of $15,000. decrease in cash of $30,000. decrease in cash of $30,000 and an increase of $165,000