Problem:
Area National Bank's Board of Directors voted to declare dividends of $286,000 total for 2015. These dividends are to be distributed in two payments, with one payable in January for $156,000 and the second payable in December for $82,000. The balance sheet is recorded to indicate the plan of action.
Required:
Question: What is the cash payments made to the stockholders during the year?
Note: Please provide full description.