What formula would an analyst use to calculate the cash paid for dividends if a company declares dividends of $200,000 at the end of 2022, and FY21 dividends payable were $20,000 while FY22 dividends payable are $30,000?? 

a.) The cash paid for dividends equals dividends declared plus increase in dividends payable. 

b.) The cash paid for dividends equals dividends declared minus increase in dividends payable. 

c.) The cash paid for dividends equals dividends declared minus FY22 dividends payable. 

d.) The cash paid for dividends equals dividends declared minus FY21 dividends payable