Pecan Corporation's controller has just finished preparing a consolidated balance sheet, income statement, and statement of changes in retained earnings for the year ended December 31, 20X4. Pecan owns 60 percent of Sandy Corporation's stock, which it acquired at underlying book value on May 7, 20X1. At that date, the fair value of the noncontrolling interest was equal to 40 percent of Sandy Corporation's book value. You have been provided the following information Consolidated net income for 20X4 was $271,000 Sandy reported net income of $70,000 for 20X4 Pecan paid dividends of $25,000 in 20X4 Sandy paid dividends of $15,000 in 20X4 Pecan issued common stock on April 7, 20X4, for a total of $150,000 Consolidated wages payable increased by $7,000 in 20X4 Consolidated depreciation expense for the year was $21,000 Consolidated accounts receivable decreased by $32,000 in 20X4 Bonds payable of Pecan with a book value of $204,000 were retired for $200,000 on December 31, 20X4 Consolidated amortization expense on patents was $13,000 for 20X4 Pecan sold land that it had purchased for $142,000 to a nonaffiliate for $134,000 on June 10, 20X4 Consolidated accounts payable decreased by $12,000 during 20X4 Total purchases of equipment by Pecan and Sandy during 20X4 were $295,000 Consolidated inventory increased by $16,000 during 20X4 There were no intercompany transfers between Pecan and Sandy in 20X4 or prior years except for Sandy's payment of dividends Pecan uses the indirect method in preparing its cash flow statement. Required: a. what amount of dividends was paid to the noncontrolling interest during 20X4? Dividends paid