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 $127,500 Cash dividends declared for the year Proceeds f rom the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year 47,500 82,500 7,300 19,500 Cash dividends payable at the end of the year Net income for the year 21,800 93,500 The amount of cash dividends paid during the year would be: Multiple Choice $251,000. $256,700. $177,000 $279,000 $45,200