12/31/10, Heaton Industries Inc

Multiple Choice

12/31/10, Heaton Industries Inc.reported retained earnings of $675,000 on its balance sheet, and it reported that it had $172,500 of net income during the year.On its previous balance sheet, at 12/31/09, the company had reported $555,000 of retained earnings.No shares were repurchased during 2010.How much in dividends did Heaton pay during 2010?

A) $47,381
B) $49,875
C) $52,500
D) $55,125
E) $57,881