Question 11 (4 points) Saved In its recent income statement, Smith Software Inc. reported paying $5 million in dividends to common shareholders, and in its year-end balance sheet, Smith reported $340 million of retained earnings. The previous year, its balance showed $338 million of retained earnings. What was the firm's net income during the most recent year? (Answers are in $millions.) $7.00 $2.00 $5.00 $0.00 $14.00 In its recent income statement, Smith Software Inc. reported $15 million of net income, and in its year-end balance sheet, Smith reported $426 million of retained earnings. The previous year, its balance sheet showed $414 million of retained earnings. What were the total dividends paid to shareholders during the most recent year? (Answers are in $ millions.) $3.00 $12.00 $15.00 $1.00 $22.00