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Pattison Produce requires a minimum cash balance of at least $30,000 as of the end of each quarter. At the beginning of the 1st quarter, Pattison's cash balance was $35,000. During the 1 st quarter, Pattision collected receipts of $330,000 and made disbursements of $290,000. In the 2 nd quarter, Pattison collected receipts of $285,000 and made disbursements of $340,000. As a result, Pattison was required to borrow money at the end of the 2 nd quarter. Collections in excess of disbursements during the 3 rd quarter were sufficient for Pattision to pay off its borrowings at the end of the 3 rd quarter. Using an interest rate of 8%, how much interest expense did Pattision pay at the end of the 3 rd quarter? $200$400$600$800 As of the beginning of 2020 , Lambert Company had a Retained Earnings Balance of $170,000. As of the end of 2020, the Retained Earnings Balance was $180,000. Net Income for 2020 was $80,000. What were dividends declared and paid in 2020 ? $0 $220,000 $70,000 Can't be determined with information presented