Cash Dividends of $75,000 were declared during the year. Cash dividends payable were $10,000 and $20,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is?

My calculation if it is during the year would be 75,000 - 10,000 = 65,000. Not sure if this is correct or not.

Jan 1, We must pay out 10,000
During Year, we must pay out 75,000
We must pay out 85,000 total during the year.
Dec 31, we must pay out 20,000

We have paid out 85,000-20,000 = $65,000 during the year.

Yes, you are correct, $65,000