Danerys Targaryen is preparing the statement of cash flows for Dragon Treats International for 20x6. Dragon Treats provides free-range sheep as environmentally friendly treats for domesticated dragons. Review the information provided below to determine the amount of cash paid in dividends during 20x6. $ 28x6 net income Retained earnings balance on January 1, 20x6 Cash dividends payable January 1, 20x6 Cash dividends payable December 31, 20x6 Cash dividends declared during 20x6 Proceeds from the sale of equipment Gain on the sale of equipment 93,500 127,500 19.500 21,880 47,500 82.500 7.300 Multiple Choice $251.000 $177,000 $45,200 $256700 $279,000