TB MC Qu. 12-127 (Algo) The accountant for... The accountant for Welter Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year Cash dividends declared for the year $ 127,000 47,000 Proceeds from the sale of equipment 82,000 Gain on the sale of equipment 7,200 Cash dividends payable at the beginning of the year 19,000 Cash dividends payable at the end of the year 21,200 Net income for the year The amount of cash dividends paid during the year would be: 93,000 Multiple Choice $44,000 O $46,800 $66,000 $48.800