eBook Solving for Stockholders' Equity Amounts Assume that the following amounts are known for Colten Company for the current year: Retained Earnings, beginning balance Retained Earnings, ending balance $214,000 257,000 118,000 26,000 77,000 86,000 Net income Fair value of large stock dividend declared Dividend Payable, beginning balance Dividend Payable, ending balance Required: 1. Assume that the only other amount that affected Retained Earnings during the year was a cash dividend that was declares of the cash dividend declared dyring the current year. 49000 2. Compute the amount of cash dividends actually paid in cash to stockholders during the year. $44000