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Badger Corp has the following income statement for 2020. Badger Corporation has the following balance sheets as of December 31, 2920 2019 Cash and equivalents

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Badger Corp has the following income statement for 2020. Badger Corporation has the following balance sheets as of December 31, 2920 2019 Cash and equivalents $ 40,000 $ 24,000 Accounts receivables 48,000 41.500 Inventory 43,000 34,500 Prepaid & other current assets 19.000 15.000 Total current assets 150,000 $ 115,000 Fixed assets, net 26,000 38,000 Long-term investments 90.000 89.000 Total assets $ 266,000 5 242,000 Sales Cost of goods sold Gross profit Selling and admin Depreciation expense Operating income Interest expense Pretax income Tax expense Net income $155,000 B3.000 $ 72,000 45.700 18.009 $ 8,300 2.000 $ 6,300 800 $ 5,500 Accounts payable Accrued liabilities Total current liabilities Long-term debt Total liabilities Common stock (par paid-in-cap) Retained earnings Total abilities & stkholders' equity $ 13,000 55.000 $ 68,000 29.000 $ 97,000 112,000 57.000 $ 266,000 $ 11,000 21.000 $ 82,000 11.500 $ 93,500 97,000 51.500 $ 242,000 How much did the company pay in cash dividends in 2020? O a. $15,000 Ob. $7.500 c. $5.500 Od. Oe. Cannot be determined

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