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	$ 135,500
Cash dividends declared for the year	55,500
Proceeds from the sale of equipment	90,500
Gain on the sale of equipment	8,900
Cash dividends payable at the beginning of the year	27,500
Cash dividends payable at the end of the year	31,400
Net income for the year	101,500

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

$267,000.$271,100.$295,000.$193,000.