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Problem $3-5$ Balance Sheet$/$Income Statement $($LO$1)$

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The year$-$end $2021$ balance sheet of Brandex Incorporated listed common stock and other paid$-$in capital at $$2,600,000$ and retained earnings at $$4,900,000.$ The next year, retained earnings were listed at $$5,200,000.$ The firm's net income in $2022$ was $$1,050,000.$ There were no stock repurchases during the year. What were the dividends paid by the firm in $2022?$

Dividends paid