Balance Sheet/Income Statement. The year-end 1999 balance sheet of Brandex Inc. lists common stock and other paid-in capital at $1,100,000 and retained earnings at $3,400,000.

The next year, retained earnings were listed at $3,700,000. The firm’s net income in 2000 was $900,000. There were no stock repurchases during the year. What were dividends paid by the firm in 2000?