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 275,000 Cash dividends declared for the year 51,000 Cash dividends payable at the beginning of the year 11,800 Cash dividends payable at the end of the year 13,700 What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows