New Orleans Chemicals Company follows the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet:

New Orleans Chemicals Company
Comparative Balance Sheet
December 31, 2018 and 2017
2018 2017 Increase/ (Decrease)
Common Stock $ $35,000 $2,200 $32,800
Retained Earnings 157,000 92,000 65,000
Treasury Stock (8,100) (5,200) (2,900)
Total Equity $183,900 $89,000 $94,900
Net Income for 2018 was $94,000.

Based on the above information, determine the amount of dividends declared during 2018.