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Rainforest Corporation reported the following selected amounts on its comparative balance sheet: Current Assets Trading Securities Available for Sale Securities 2019 2020 $9,000 $5000 $28,000
Rainforest Corporation reported the following selected amounts on its comparative balance sheet: Current Assets Trading Securities Available for Sale Securities 2019 2020 $9,000 $5000 $28,000 $14,000 Current Liabilities Dividends Payable $37,361 $26,518 Accounts Payable $30,000 $52,000 Stockholders' Equity Common Stock (51 par) $55,969 $149,353 Paid-in Capital in Excess of Par $169,239 $213,138 Paid-in Capital - Share Repurchase $8,646 $13,811 Retained Earnings $315,000 $400,000 Accumulated Other Comprehensive Income: Unrealized Gain on Available for Sale Securities $37,803 $53,529 The 2020 income statement of Rainforest Corporation reports: Net Income $229,195 Gain on the Sale of Available-for-Sale Securities $7,078 Additional Information: During 2020, Rainforest Corporation retired 1,000 shares of its common stock. These shares were originally issued for $10 per share. No other stock was retired. There were no treasury stock transactions and no stock dividends during 2020. All issuances of common stock were in exchange for cash. Required: Determine the amount to be reported on the 2020 Statement of Cash Flows as "Cash Dividends Paid
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