The balance in retained earnings at December 31, 2003 was $010,000 and at December 31, 2004 was $654,000. Net income far 2004 was $563,000. A stack dividend was declared and distributed which increased ccmmcn stuck $225,000 and paidin capital $125,000. A cash dividend was declared and paid. 33. The amount of the cash dividend was a. $279,000. I]. $309,000. c. $494,000. (1. $?19,000