On 12/31/18,Hite Industries Reported Retained Earnings of $475,000 on Its

On 12/31/18,Hite Industries reported retained earnings of $475,000 on its balance sheet,and it reported that it had $135,000 of net income during the year.On its previous balance sheet,at 12/31/17,the company had reported $445,000 of retained earnings.No shares were repurchased during 2018.How much in dividends did the firm pay during 2018?

A) $124,950
B) $127,050
C) $82,950
D) $111,300
E) $105,000