Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $119,000 during the current year. The comparative balance sheet indicates dividends payable of $32,100 at the beginning of the year and $28,900 at the end of the year. What was the amount of cash payments to stockholders during the year?

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Determining Cash Payments to Stockholders

The board of directors declared cash dividends totaling $119,000 during the current year. The comparative balance sheet indicates dividends payable of $32,100 at the beginning of the year and $28,900 at the end of the year.

What was the amount of cash payments to stockholders during the year?
$

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