At the beginning of the year, Silly Slush had retained earnings of

$318,300 and common stock of $250,000. At the end of the year, the firm

has retained earnings of $322,500 and common stock of $280,000. Silly

Slush has sales of $1,023,564, costs of $745,124, and interest paid of

$51,200. The depreciation expense is $56,100 and the tax rate is 34

percent. What is the amount of the dividends paid for the year?

a. $108,752

b. $117,152

c. $112,952

d. $0

e. $45,366