On 12/31/19, Hite Industries reported retained earnings of $475,000 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/18, the company had reported $445,000 of retained earnings. No shares were repurchased during 2019. How much in dividends did the firm pay during 2019? O a. $82,950 b. $111,300 OC. $105,000 d. $127,050 O e. $124,950 OOOOO