Question 8 2 pts During the year, a company earned net income of $136,500. The beginning balance in retained earnings was $380,700, and the ending was $305,600. The only other activity in Retained Earnings for the year was a declaration of cash dividends. The beginning balance in the cash dividends payable account was $17,400, and the ending balance was $12,500. How much cash was paid during the year for dividends?"