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Given the information below, what was the amount of Dividends in the current period? Beginning Retained Earnings = $150,000. Increase in Cash = $40,000. Ending

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Given the information below, what was the amount of Dividends in the current period? Beginning Retained Earnings = $150,000. Increase in Cash = $40,000. Ending Retained Earnings = $200,000. Issuance of Common Stock = $50,000. Net Income = $160,000. points (:15:22 Multiple Choice o $60,000. o $90,000. o $150,000. c $110,000

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