Problem:
New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet: New Orleans Chemicals Company Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Increase/(Decrease) Common Stock $31,000 $2,200 $28,800 Retained Earnings 157,000 93,000 64,000 Treasury Stock (8,100) (5,200) (2,900) Total Equity $179,900 $90,000 $89,900 Net Income for 2024 was $94,000. Based on the above information, determine the amount of dividends declared during 2024. Question content area bottom Part 1 A.$ 30 comma 000 $30,000 B.$ 94 comma 000 $94,000 C.$ 64 comma 000 $64,000 D.$ 2 comma 900