Ophelia Ltd. reported retained earnings at December 31, 2019 of $270,000, and at December 31, 2020, $218,000. Net income for calendar 2020 was $187,500. During 2020, a stock dividend was declared and distributed, which increased the common shares account by $75,000. As well, a cash dividend was declared and paid during the year. The amount of the cash dividend declared and paid was

$123,000

$164,500

$93,000

$239,500