Assume that the following amounts are known for Colten Company for the current year: Required Retained Earnings, beginning balance Retained Earnings, ending balance Net income Fair value of large stock dividend declared Dividend Payable, beginning balance Dividend Payable, ending balance $210,000 250,000 115,000 25,000 75,000 80,000 1. Assume that the only other amount that affected Retained Earnings during the year was a cash dividend that was declared. Compute the amount of the cash dividend declared during the current year. 2. Compute the amount of cash dividends actually paid in cash to stockholders during the year.