Question: The year - end 2 0 2 1 balance sheet of Brandex Incorporated listed common stock and other paid - in capital at $ 1

The year-end 2021 balance sheet of Brandex Incorporated listed common stock and other paid-in capital at $1,600,000 and retained earnings at $3,900,000. The next year, retained earnings were listed at $4,200,000. The firms net income in 2022 was $950,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2022?

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