Equity is the difference between the compary's assets and liabilities. Equity is the inital claim on value of the assets before the firm pays off its liabilities. NOW Inc. released its annual results and financial statements, Grace is reading the summary in the business pages of today's paper: in its annual report this year, NOW inc, reported a net income of $116 million. Last year, the company reported a retained earnings balance of $595 militen, whereas this yearit increased to $700mili ion. How much was paid out in dividends this year? $6 million $11 miluon $60 million $221 mililan