The accountant for Robinson 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 $ 131,000 Cash dividends declared for the year 51,000 Proceeds from the sale of equipment 86,000 Gain on the sale of equipment 8,000 Cash dividends payable at the beginning of the year 23,000 Cash dividends payable at the end of the year 26,000 Net income for the year 97,000 The amount of cash dividends paid during the year would be: $258,000. $263,000. $286,000. $184,000. $48,000.