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Question 14 (4 points) Taylor Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the

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Question 14 (4 points) Taylor Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: Common Stock Retained Earrings Treasury Stoek Total Equity Tavlor Comparty Comparative Balance Sheet December 31, 2017 and 2016 2016 2015 $34,000 $2.100 156,000 94,000 15.300 5.2001 $181,200 $90.900 Increase/(Decrease) $31.900 62.000 (3.100 $90.800 Net Inome for the year was $69.000 Based on the above information, determine the amount of dividends declared during 2016. $3.100 $27.000 $62.000 $89.000

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