At the beginning of the current year,ABC Corporation had dividends payable of Rs. 1,600,000. During the current year, the company declared cash dividends of Rs. 4,200,000, of which Rs. 1200, 000 appeared as a liability at year-end. Determine the amount of cash dividends paid during this year.Immersive Reader (2 Points) Rs. 5,4,00,000 Rs. 5,000,000 Rs. 4,600,000 Rs. 5,800,000