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New Orleans Chemicals Company Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 $33,000 $2,400 155,000 95,000 (8,300) (5,200) $179,700 $92,200 Common Stock Retained

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New Orleans Chemicals Company Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 $33,000 $2,400 155,000 95,000 (8,300) (5,200) $179,700 $92,200 Common Stock Retained Earnings Treasury Stock Total Equity Increase/(Decrease) $30,600 60,000 (3,100) $87,500 Net Income for 2024 was $94,000. Based on the above information, determine the amount of dividends declared during 2024. A. $60,000 O B. $34,000 O C. $3,100 OD. $94,000

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