Determining cash payments to stockholders The board of directors declared cash dividends totaling $1,100,000 during the current year. The comparative balance sheet indicates dividends payable of $290,000 at the beginning of the year and $50,000 at the end of the year. This information has been collected in the Microsoft Excel Online fie. Open the spreadsheet, perform the required analysis, and input your ariswer in the question below. Open spreadsheet What was the amount of cash payments to stockholders during the year? Determining cash payments to stockholders REQUIRED: What was the amount of cash payments to stockholders during the year? Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green cells show in the orange cells. Transfer amounts to CNOWv2 for grading