Question: Ivanhoe Ltd . reported retained earnings at December 3 1 , 2 0 2 2 of $ 2 7 4 2 0 0 , and

Ivanhoe Ltd. reported retained earnings at December 31,2022 of $274200, and at December 31,2023, $220000. Net income for calendar 2023 was $188300. During 2023, a stock dividend was declared and distributed, which increased the common shares account by $119500. As well, a cash dividend was declared and paid during the year. The amount of the cash dividend declared and paid was
$169531.
$86447.
$123000.
$242500.
Ivanhoe Ltd. reported retained earnings at December 31,2022 of $274200, and

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