The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is 54 available: Retained earnings balance at the beginning of the $131,000 year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year 51,000 86,000 8,000 23,000 26,000 97,000 The amount of cash dividends paid during the year would be: Multiple Choice $48,000 $286,000 $258,000 $184,000. $263,000