Salahs net income for the year ended December 31, Year 2 was $175,000. Information from Salahs comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.

At December 31	Year 2	Year 1
Common Stock, $5 par value	$ 500,000	$ 450,000
Paid-in capital in excess of par	948,000	853,000
Retained earnings	688,000	582,000

Multiple Choice

$79,000.

$201,000.

$95,000.

$50,000.

$69,000.