The following information was taken from the financial records of Stormer Company for the year ended December 31, 2023: Retained earnings balance at December 31, 2023 $ 132,500 Cash dividends declared for the year 52,500 87,500 8,300 24,500 27,800 98,500 Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year Use the above information to calculate the amount of cash dividends Stormer paid during the year. Multiple Choice $51,200. $13,200. $77,000. O $53,200.

Use the above information to calculate the amount of cash dividends Stormer paid during the year. Multiple Choice $51:200 $13,200 $77000 $3.200 Use the above information to calculate the amount of cash dividends Stormer paid during the year. Multiple Choice $51200 $13.200 $77000 553,200