Given the information below about Royce Corporation, what
was the amount of dividends the company paid in the current
period?
-Beginning retained earnings $54,000
-Ending retained earnings $110,000
-Decrease in cash $10,000
-Income $84,000
-Change in stockholders' equity $15,000
A. $13,000
B. $110,000
C. $28,000
D. $18,000