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Fashion, Inc. had a Retained Earnings balance of $12,000 at December 31, 2021. The company had an average income of $7,000 over the next 2

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Fashion, Inc. had a Retained Earnings balance of $12,000 at December 31, 2021. The company had an average income of $7,000 over the next 2 years, and an ending Retained Earnings balance of $15,000 at December 31, 2023 What was the total amount of dividends pald over the last two yeprs? Multiple Choice $11,000 $12,500. RE

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