g The balance in retained earnings for Ceylan Company at December 31, 2020 was $1,080,000 and at December 31, 2021 was $876,000. Net income for 2021 was $750,000. A stock dividend was declared and distributed which increased common stock $375,000 and paid-in capital $165,000. A cash dividend was declared and paid. The amount of the cash dividend was (Hint, draw a T Account.)