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  3. below are kenobi's 2020 income statement and a par

Below are Kenobi's 2020 income statement and a partial comparative balance sheet for years 2019...

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Accounting

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Below are Kenobi's 2020 income statement and a partial comparative balance sheet for years 2019 and 2020: Income Statement For year ended 2020 Revenues 125,000 Expenses 92,000 Net Income 33,000 2020 2019 Balance Sheet (partial) 150,000 170,000 Common Stock 65,000 82,000 Retained Earnings 215,000 252,000 Total Stockholder's Equity Assume Kenobi began 2020 with a balance of $20,000 in dividends payable and ended 2020 with a balance of $15,000 in dividends payable. What amount should be reported for "cash paid for dividends" within the financing section on the statement of cash flows? $32,000 O $21,000 O $11,000 O $1,000 $16,000

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