Solving for Stockholders' Equity Amounts Assume that the following amounts are known for Colten Company for the current year: $324,000 Retained Earnings, beginning balance Retained Earnings, ending balance 389,000 178,000 Net income 39,000 Fair value of large stock dividend declared Dividend Payable, beginning balance Dividend Payable, ending balance 117,000 130,000 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