The accountant for Crusoe 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	$	131,500
Cash dividends declared for the year		51,500
Proceeds from the sale of equipment		86,500
Gain on the sale of equipment		8,100
Cash dividends payable at the beginning of the year		23,500
Cash dividends payable at the end of the year		26,600
Net income for the year		97,500

The amount of cash dividends paid during the year would be: