Aylmer Ltd$.$ reported retained earnings at December $31,$ Y$5$ of $$270,000,$ and at December $31,$ Y$6,$ $$218,000.$ Net income for calendar Y$6$ was $$187,500.$ During Y$6,$ a stock dividend was declared and distributed, which increased the common shares account by $$116,500.$ As well, a cash dividend was declared and paid during the year. The amount of the cash dividend declared and paid was

Question $8$ options:

$$93,000$

$$164,500$

$$123,000$

$$239,500$