December $31$

$20$X$6$

$20$X$5$

Assets

Cash

$15,000$

$90,000$

Short$-$Term Investments

$200,000$

$-$

Accounts Receivable $($net$)$

$590,000$

$440,000$

Inventory

$600,000$

$615,000$

Long$-$Term Investments

$310,000$

$390,000$

Property, Plant and Equipment

$1,800,000$

$1,100,000$

Accumulated Depreciation

$(500,000)$

$(500,000)$

Goodwill $($net$)$

$95,000$

$105,000$

Total Assets

$3,110,000$

$2,240,000$

Liabilities and Stockholders$$ Equity

Accounts Payable and Accrued Liabilities

$900,000$

$850,000$

Short$-$Term Debt

$190,000$

$-$

Common Stock, $$10$ par value

$775,000$

$675,000$

Additional Paid$-$in$-$Capital

$380,000$

$300,000$

Retained Earnings

$865,000$

$415,000$

Total Liabilities and Stockholders$$ Equity

$3,110,000$

$2,240,000$

Information Relating to $20$X$6$ Activities

Net Income was $$800,000$

Equipment costing $$450,000$ and having a book value of $$200,000$ was sold for $$200,000.$ All remaining old plant, property and equipment have reached their depreciable useful life.

A long$-$term investment was sold for $$150,000.$ There was no other transactions affecting long$-$term investment in $20$X$6.$ This transaction resulted to a gain of $$70,000$ recognized in the income statement.

From $20$X$5$ to $20$X$6$ there was no purchase nor selling in the holdings or portfolio of the company's intangible asset.

$10,000$ shares of common stock were issued for $$18$ a share.

Short$-$term investments consist of Treasury bills maturing on June $30,20$X$7.$ Any change on this account category should be reported under the company's Investing Activities

What is the amount of dividends paid out during $20$X$6?$