What is the amount of dividends paid in cash during period

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Company ANC had an opening retained earnings balance of 27,300 and a closing retained earnings balance of 19,300. Net earnings for the period was 14,000. The dollar value representing shares issued during the period was 2,000. Dividends payable at the end of the prior period was 800 and dividends payable at the end of the current period is 0

Problem 1: What is the amount of dividends paid in cash during the period?

Option 1:
21,200

Option 2:
22,800

Option 3:
24,800

Option 4:
No dividend paid in cash

Option 5:
22,000

Reference no: EM132962604

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