On 1/1/Y1, Golden Co. acquired 80% of Silver Co. for $400,000. At that time, Silver Co. reported contributed capital of 350,000 and retained earnings of 80,000. The difference between purchase price and the book value of the net assets acquired is arose from an equipment being depreciated over a remaining life of 5 years. Golden adopted the equity method to account for its investment in Silver. During year 1, Silver had net income of $30,000 and paid a $10,000 dividend. And Golden had a net income, exclusive of its income from Silver, of $50,000 and paid a $25,000 dividend. What amount will Golden report as dividends declared and paid in its Year 1 UOG-Advanced Accounting consolidated statement of retained earnings? A. $10,000 B. $25,000 C. $33,000 D. $35,000