QUESTION 13 The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 was 51,164,000. Net income for 2021 was $1,000,000. A stock dividend was declared and distributed which increased common stock 5500,000 and paid in capital $220,000. A cash dividend was declared and paid The amount of the cash dividend was O A $776,000 B. $556,000 C. $1,276,000 D $496 000