Retained Earnings had a balance on January1, 2017, and December31, 2017,respectively, of$234,500 and$411,000. Net income for the year was$199,500 and the only other event affecting Retained Earnings was the declaration of dividends. If there was no change in the Dividends account during theyear, the payments for dividendswas:

A.

$23,000

B.

$0

C.

$176,500

D.

$376,000