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Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: 2014

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Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: 2014 2013 Increase/decrease Common stock $ 30,000 $ 2,000 $28,000 Retained earnings 113,000 74,000 39,000 Treasury stock (8,000) (5,000) (3,000) Total equity $135,000 $71,000 $64,000 Based on the above, how much was paid out in dividends? $28,000 $39,000 $3,000 $10,000

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