The board of directors declared cash dividends totaling $175,800 during the current year. The comparative balance sheet indicates dividends payable of $40,400 at the beginning of the year and $36,400 at the end of the year.

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

Determining Cash Payments to Stockholders the year and $36,400 at the end of the year. What was the amount of cash payments to stockholders during the year