Problem: (Static) Eagle Crest Company... Eagle Crest Company has provided the following information for its recent year of operation: The common stock account balance at the beginning of the year was $60,000 and the year-end balance was $75,000. The additional paid-in capital account balance increased $7,500 during the year. The retained earnings balance at the beginning of the year was $225,000 and the year-end balance was $273,000. Net income was $78,000. How much were Eagle Crest's dividend declarations during its recent year of operation? Multiple Choice $30,000 Correct $126,000 $78,000 The dividend declarations cannot be determined from the information provided