The accountant is preparing the company's statement of cash flows for the fiscal year just ended. The following information is availabl Retained earnings balance at the beginning of the year Cash dividends declared for the year Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net profit for the year $120.000 $27.000 $30,000 $32.000 $62.000 The amount of cash dividends paid during the year would be $2,000 $27.000 $25,000 $23,000