Canterbury Company reported total stockholders' equity of $184,000 on its balance sheet dated December 31, 2021. During the year ended December 31, 2022, Canterbury reported net income of $23,500 and issued additional common stock for $43,500. If total stockholders' equity as of December 31, 2022 is $240,000, what was the amount of dividends declared during the year ended December 31, 2022? Multiple Choice

$16,250.

$11,000.

$32,500.

$5,500.