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The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

$\backslash$table$[[$Net income for the year,$250,000],[$Cash dividends declared for the year,$46,000],[$Cash dividends payable at the beginning of the year,$10,800],[$Cash dividends payable at the end of the year,$12,200]]$

What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?

Multiple Choice

$$1,400.$

$$47,400.$