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On 12/31/15, Hite Industries reported retained earnings of $497,500 on its balance sheet, and it reported that it had $135,000 of net income during the year. On its previous balance sheet, at 12/31/14, the company had reported $445,000 of retained earnings. No shares were repurchased during 2015. How much in dividends did the firm pay during 2015?

a $79,200

b $74,250

c $66,000

d $99,000

e $82,500

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