Use the Following Information to Calculate Cash Received from Dividends

Multiple Choice

Use the following information to calculate cash received from dividends: $\begin{array}{lr}\text { Dividends revenue } & \$ 29,800 \\\text { Dividends receivable, January 1 } & 2,600 \\\text { Dividends receivable, December 31 } & 3,400\end{array}$

A) $26,400.
B) $32,400.
C) $29,000.
D) $29,800.
E) $30,600.