Solving for Stockholders' Equity Amounts

Assume that the following amounts are known for Colten Company for the current year:

Retained Earnings, beginning balance	$260,000
Retained Earnings, ending balance	312,000
Net income	143,000
Fair value of large stock dividend declared	31,000
Dividend Payable, beginning balance	94,000
Dividend Payable, ending balance	104,000

Required:

1. Assume that the only other amount that affected Retained Earnings during the year was a cash dividend that was declared. Compute the amount of the cash dividend declared during the current year. $

2. Compute the amount of cash dividends actually paid in cash to stockholders during the year. $