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Memorial Corporation Information from the financial records is presented below: Retained earnings, December 31, 2023 $400,000 Retained earnings, December 31, 2022 250,000 Dividends payable,

Memorial Corporation Information from the financial records is presented below: Retained earnings, December 31, 2023 $400,000 Retained earnings, December 31, 2022 250,000 Dividends payable, December 31, 2023 20,000 Dividends payable, December 31, 2022 30,000 Net income for 2023 200,000 How much cash was paid for dividends during 2023? Oa. $40,000 Ob. $50,000 Oc. $80,000 Od. $60,000

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