On 12/31/11, Hite Industries reported retained earnings of $455,000 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/10, the company had reported $445,000 of retained earnings. No shares were repurchased during 2011. How much in dividends did the firm pay during 2011? a. $135,000 b. $125,000 c. $128,750 d. $142,500 e. $115,000