The following information is available for Cyrus Corp. What amount of cash was paid for dividends during 2018?

2018 2017

Net Income $84,000 $84,500

Cash & Cash Equivalents 13,600 12,200

Common Stock 90,000 70,000

Retained Earnings 74,000 49,000

a.) $109,500

b.) $109,000

c.) $59,500

d.) $59,000