Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2017:
1. Retained Earnings, beginning balance, $142,000
2. Retained Earnings, ending balance, $122.000
3. There is a net loss of $14,000 for the year.
What is the amount of dividends declared during the year?
A. $7,000
B. $6,000
C. $16,000
D. $34,000
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