1. A corporation had retained earnings as of 12/31/2021 of $15 million. Net income for 2022 was $10 million. If the retained earnings balance at the end of 2022 was $22. million, how much did the firm pay in dividends? I 2. Corporate bond offering 10%; municipal bond offering 7% interest. With other conditions remaining the same, which one is better? Assume your tax bracket is 21 . percent.