Use the Following Information for Questions Bellow
Penrose Corporation Acquired

Use the following information for Questions bellow
Penrose Corporation acquired 80% of the voting stock of Speedy Company several years ago. There were no revaluations of Speedy's identifiable net assets, and the excess of acquisition cost over Speedy's book value was attributed entirely to goodwill. Here are the consolidated balance sheets for Penrose and Speedy, the consolidated income statement for 2021, plus additional information:
$\begin{array}{|l|r|r|}\hline \text { Consolidated Balance Sheets at December 31 } & \mathbf{2 0 2 1} & \mathbf{2 0 2 0} \\\hline \text { Assets } & & \\\hline \text { Cash } & \$ 220 & \$ 210 \\\hline \text { Other current assets } & 600 & 580 \\\hline \text { Plant asset s } & 4,550 & 4,300 \\\hline \text { Accumulated depreciation } & (1,237) &(1,090) \\\hline \text { Goodwill } & \underline{470}& \underline{500} \\\hline \text { Total assets } &\$4,603 &{\$ 4,500} \\\hline \\\hline \text { Liabilities \& Equity } & \\\hline \text { Current liabilities } & \$590&\$600 \\\hline \text { Long-term debt } & 3,015&3,000 \\\hline \text { Controlling int erest in equity } &925&850\\\hline \text { Noncontrolling interest in equity } & \underline{73} & \underline{50}\\\hline \text { Total liabilities \& equity } & \$ 4,603 & \$ 4,500 \\\hline\end{array}$


$\begin{array}{|l|c|} \hline \text { Cons olidated Statem ent of Income and Comprehensive Income for } 2021\\\hline \text { Sales revenue } & \$ 2,000 \\\hline \text { Less Cost of goods sold } & (1,400) \\\hline \text { Less Operating expenses and losses } & (450) \\\hline \text { Consolidated net income } & 150 \\\hline \text { Less Noncontrolling interest in net income } & (\$ 25) \\\hline \text { Net income attributable to controlling interest } & \$ 125\\\hline\end{array}$
Additional information for 2021:
1. Consolidated depreciation expense was $400, and the goodwill impairment loss was $30.
2. Plant assets with an original cost of $300 were sold for $20.
3. Penrose declared and paid $50 in cash dividends.
4. Speedy declared and paid $10 in cash dividends.
-On the consolidated statement of cash flows for 2021, total cash dividends paid is:

A) $40
B) $50
C) $52
D) $10