Superior has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $18,000 and the year-end balance was $19,000. The additional paid-in capital account balance increased $3,400 during the year. The retained earnings balance at the beginning of the year was $70,000 and the year-end balance was $88,000. Net income was $35,000. 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 $53,000 Multiple Choice The dividend declarations cannot be determined given the above information $53,000 $17,000 $35,000