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In its most recent financial statements, Nessler Inc. reported $60 million of net income and $720 million of retained earnings. The previous retained earnings were $698 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually 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. $ Byron Books Inc. recently reported $6 million of net income. Its EBIT was $9.9 million, and its tax rate was 25%. What was its interest expense? (Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $6 million of net income by 1 ) =0.75 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problem your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations