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On 12/31/15, Hite Industries reported retained earnings of $510,000 on its balance sheet, and it reported that it had $135,000 of net income during the

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On 12/31/15, Hite Industries reported retained earnings of $510,000 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/14, the company had reported $460,000 of retained earnings. No shares were repurchased during 2015. How much in dividends did the firm pay during 2015? $85,000$75,000$80,000$90,000

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