The accountant for crusoe company is preparing the company's statement of cash flows for the fiscal year just ended. the following information is available: retained earnings balance at the beginning of the year $126,000cash dividends declared for the year $46,000proceeds from the sale of equipment $81,000gain on the sale of equipment $7,000cash dividends payable at the beginning of the year $18,000cash dividends payable at the end of the year $20,000net income for the year $92,000the amount of cash dividends paid during the year would be: $46,000.$64,000.$8,000.$48,000.$44, 000.
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