On 12/31/2013, Heaton Industries Inc

On 12/31/2013, Heaton Industries Inc.reported retained earnings of $675, 000 on its balance sheet, and it reported that it had $172, 500 of net income during the year.On its previous balance sheet, at 12/31/2012, the company had reported $555, 000 of retained earnings.No shares were repurchased during 2013.How much in dividends did Heaton pay during 2013?

A) $47, 381
B) $49, 875
C) $52, 500
D) $55, 125
E) $57, 881