The board of directors declared cash dividends totaling $$1,500,000$ during the current year. The comparative balance sheet indicates dividends payable of $$220,000$ at the beginning of the year and $$80,000$ at the end of the year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below.

Open spreadsheet

What was the amount of cash payments to stockholders during the year?

fill in the blank $1$ of $1$$