New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: New Orleans Chemicals Company Comparative Balance Sheet: December 31, 2024 and 2023 2024 Common Stock $33,000 2023 $2,100 Increase/(Decrease) $30,900 Retained Earnings 154,000 92,000 62,000 Treasury Stock (8,500) (5,500) (3,000) Total Equity $178,500 $88,600 $89,900 Net Income for 2024 was $90,000 OA. $90,000 OB. $62,000 OC. $28,000 OD. $3,000 New Orleans Chemicals Company Comparative Balance Sheet December 31, 2024 and 2023 Common Stock Retained Earnings Treasury Stock Total Equity Net Income for 2024 was $90,000. 2024 2023 Increase/(Decrease) $33,000 $2,100 $30,900 154,000 92,000 62,000 (8,500) (5,500) (3,000) $178,500 $88,600 $89,900 Based on the above information, determine the amount of dividends declared during 2024. OA. $90,000 OB. $62,000 OC. $28,000 OD. $3,000