Question: On 1 2 3 1 ? 2 1 , Hite Industries reported retained earnings of $ 5 0 2 , 5 0 0 on its

On 1231?21, Hite Industries reported retained earnings of $502,500 on its balance sheet, and it reported that it had $140,000 of net income during the year. On its previous balance sheet, at 1231?20, the company had reported $445,000 of retained earnings. No shares were repurchased during 2021. How much in dividends did the firm pay during 2021?
a. $140,000
b. $197,500
c. $57,500
d. $0
e. $82,500
 On 1231?21, Hite Industries reported retained earnings of $502,500 on its

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