Problem $3\mathrm{.}04($Statement of Stockholders Equity$)$

In its most recent financial statements, Nessler Inc. reported $$70$ million of net income and $$770$ million of retained earnings. The previous retained earnings were $$739$ million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely. For example, $25$ million should be entered as $25,000,000.$ Round your answer to the nearest dollar, if necessary.

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