Q13.84: What was the amount of dividends declared for Beacon Industries during 2017 based on the following: Change during 2017 45% 2017 2016 $500,000 Retained earnings, $725,000 January 1 Add: Net income 250.000 Deduct: Dividends2 Retained earnings, December 31 300,000 (16.7) 20% A $220,000 B) $106,600 (E) $259,600 D$90,000