The retained earnings balance was $23,600 on January 1. Net income for the year was $19,150. If retained earnings had a credit balance of $25,200 after closing entries were made for the year, and if additional stock of $5,900 was issued during the year, what was the amount of declared during the year?

A. $17,550

B. $26,650

C. $25,050

D. $11,650