MC Qu. 11-171 The Retained Earnings balance... The Retained Earnings balance was $23.900 on January 1 Net income for the year was $19.600. If Retained Earnings had a credit balance of $25,800 after closing entries were made for the year, and if additional stock of 56,200 was issued during the year, what was the amount of dividends declared during the year? Multiple Choice o o o o O $1500