he accountant for Sysco 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 $ 989,000 Net income for the year 315,000 Cash dividends declared for the year 59,000 Retained earnings balance at the end of the year 1,517,000 Cash dividends payable at the beginning of the year 13,400 Cash dividends payable at the end of the year 16,100 What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows