Question: On December 3 1 , 2 0 2 4 , Retained Earnings has a normal balance of $ 3 5 , 5 0 0 .

On December 31,2024, Retained Earnings has a normal balance of $35,500. On December 31,2025, Retained Earnings has a normal balance of $19,300. During 2025, the business's net income was $27,200. Based on this information, dividends declared and paid for 2025 were:
Group of answer choices
$62,700
$11,000
$43,400
$15,700

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