On 12/31/2020, Heaton Industries Inc. reported retained earnings of $725,000 on its balance sheet, and it reported that it had $172,500 of net income during the year. On its previous balance sheet, at 12/31/2019, the company had reported $555,000 of retained earnings. No shares were repurchased during 2020. How much in dividends did Heaton pay during 2020? Select the correct answer. a. $2,601 b. $2,551 c. $2,500 d. $2,703 e. $2,652