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Question 7 11 pts Your Company's balance sheet reported common stock of $45,000 and retained earnings of $80,000 on January 1, 2022. Retained Earnings

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Question 7 11 pts Your Company's balance sheet reported common stock of $45,000 and retained earnings of $80,000 on January 1, 2022. Retained Earnings on the December 31, 2022 balance sheet was $62,000. The company had net income for the year of $12,000. How much was paid as a dividend during the year? $ 35,000 $ 30,000 $ 6,000 $ 28,000

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