Use the Following Information for Questions 68 and 69

Multiple Choice

Use the following information for questions 68 and 69.
The balance in retained earnings at December 31, 2014 was $1,080,000 and at December 31, 2015 was $873,000. Net income for 2015 was $750,000. A stock dividend was declared and distributed which increased common stock $375,000 and paid-in capital $165,000. A cash dividend was declared and paid.
-The amount of the cash dividend was

A) $372,000.
B) $417,000.
C) $582,000.
D) $957,000.