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, 2018 and 2017 Ipcrease/ 2018 2017 (Decrease) Common Stock $33,000 $2,000 $31,000 Retained Earnings 158,000 92,000 66,000 Treasury Stock (8,000) (5,500) (2,500) Total Equity $183,000 $88,500 $94,500 Net Income for 2018 was $94.000. O A. $94,000 B. $28,000 C. $66,000 D. $2,500 Net Income for 2018 was $94,000. Based on the above information, determine the amount of dividends declared during 2018, O A. $94,000 $29