Salah's net income for the year ended December 31, Year 2 was $200,000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2 At December 31 Common Stock, $5 par value Paid-in capital in excess of par Retained earnings Year 2 $ 515,000 963,000 703,000 Year 1 $ 463,500 866,500 595,500 Multiple Choice $92,500. $51,500.