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On 1 2 3 1 ? 2 1 , Hite Industries reported retained earnings of $ 5 1 0 , 0 0 0 on its

On 1231?21, Hite Industries reported retained earnings of $510,000 on its balance sheet, and it reported that it had $125,000 of net income during the year. On its previous balance sheet, at 1231?20, the company had reported $445,000 of retained earnings. No shares were repurchased during 2021. How much in dividends did the firm pay during 2021?
a. $125,000
b. $65,000
c. $60,000
d. $0
e. $190,000
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