Bagwell's Net Income for the Year Ended December 31,Year 2

Bagwell's net income for the year ended December 31,Year 2 was $175,000.Information from Bagwell's comparative balance sheets is given below.Compute the cash paid for dividends during Year 2. $\begin{array}{lrr}\text { At December } 31 & \text { Year 2 } & \text { Year } 1 \\\text { Common Stock, \$5 par value } & \$ 500,000 & \$ 450,000 \\\text { Paid-in capital in excess of par } & 948,000 & 853,000 \\\text { Retained earnings } & 688,000 & 582,000\end{array}$

A) $79,000.
B) $201,000.
C) $95,000.
D) $50,000.
E) $69,000.