Question: Question 62 Given the information below, what was the amount of Dividends in the current period? Beginning Retained Earnings = $150,000. Increase in Cash

Question 62 Given the information below, what was the amount of Dividends in the current period? Beginning Retained Earnings = $150,000. Increase in Cash = $40,000. Ending Retained Earnings = $200,000. Issuance of Common Stock == $50,000. Net Income = $160,000. O $90,000. O $150,000. O $60,000. O $110,000.

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