Answer:
C. $682,000
Explanation:
Given the above information, the computation of cash dividend is seen below;
Beginning retained earnings (2020) + net income - Stock dividend - Cash dividend = Retained earnings
$1,440,000 + $1,008,000 - ($499,000 + $99,000) - Cash dividend = $1,168,000
$2,448,000 - $598,000 - Cash dividend = $1,168,000
Cash dividend = $2,448,000 - $598,000 - $1,168,000
Cash dividend = $682,000
