Superior has provided the following information for its recent year of operation:

The common stock account balance at the beginning of the year was $17,000 and the year-end balance was $18,500.

The additional paid-in capital account balance increased $4,200 during the year.

The retained earnings balance at the beginning of the year was $95,000 and the year-end balance was $96,000.

Net income was $43,000.

How much were Superior's dividend declarations during its recent year of operation?

Multiple Choice

• The dividend declarations cannot be determined given the above information.

• $43,000.

• $44,000.

• $42,000.