O Required information Problem 10-48 Analyze the stockholders' equity section (L010-7) [The following information applies to the questions displayed below.) The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) {$ in thousands) Stockholders' equity Preferred stock, $50 par value $ 0 Common stock, $5 par value 18.500 Additional paid-in capital 81,400 Total paid-in capital 99,900 Retained earnings 51,500 Treasury stock (3,400) Total stockholders' equity $148,000 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-48 Part 4 4. If retained earnings at the beginning of the period was $44 million and net income during the year was $10,324,000, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000).) Dividends paid