Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $15,000 and the year-end balance was $17,500. The additional paid-in capital account balance increased $4,000 during the year. The retained earnings balance at the beginning of the year was $85,000 and the year-end balance was $94,000. Net income was $41,000. How much were Superior's dividend declarations during its recent year of operation? :49 How much were Superior's dividend declarations during its recent year of operation? Multiple Choice $32,000. The dividend declarations cannot be determined given the above information. $41,000. $50,000