The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:

Net income for the year $290,000$

Cash dividends declared for the year $54,000$

Cash dividends payable at the beginning of the year $12,400$

Cash dividends payable at the end of the year $14,600$

What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?

Multiple Choice

$$54,000.$

$$51,800.$

$$2,200.$

$$56,200.$

$$81,000.$