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Beewell's net income for the year ended December 31, Year 2 was $195,000. Information from Beewell's comparative balance sheets is given below. Compute the cash

Beewell's net income for the year ended December 31, Year 2 was $195,000. Information from Beewell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.

At December 31 Year 2 Year 1
Common Stock, $5 par value $ 510,000 $ 459,000
Paid-in capital in excess of par 958,000 862,000
Retained earnings 698,000 591,000

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