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What was the amount of the cash dividend

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Question - Faber Inc. has a balance in Retained Earnings at December 31, 2021 of $980,000. At December 31, 2022 the balance was $761,000. Net Income for 2022 was $293,000. A stock dividend was declared and distributed in 2022 which increased contributed capital by $376,000. A cash dividend was also declared and paid in 2022. What was the amount of the cash dividend?

A. 83,000

B. 512,000

C. 136,000

D. 219,000

E. 376,000

Reference no: EM133186635

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