The Following Information Was Drawn from the Year-End Balance Sheets

The following information was drawn from the year-end balance sheets of White, Inc.The amount of net income shown on the Year 2 income statement was $17,500. There was no beginning or ending balance in the Dividends Payable account. What is the amount of cash outflows for dividends? $$\begin{array} { | l | r | r | } \hline & 2014 & 2013 \\\hline \text { Bonds payable } & \$ 200,000 & \$ 275,000 \\\hline \text { Common stock } & 112,500 & 87,500 \\\hline \text { Treasury stock } & 17,500 & 12,500 \\\hline \text { Retained earnings } & 35,000 & 27,500 \\\hline\end{array}$$

A) $7,500
B) $25,000
C) $17,500
D) $10,000