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14. Galaxy Interiors 2011 Income Statement ($ in millions) Net sales $21,415 Cost of goods sold 16,408 Depreciation 1,611 Earnings before interest and taxes
14. Galaxy Interiors 2011 Income Statement ($ in millions) Net sales $21,415 Cost of goods sold 16,408 Depreciation 1,611 Earnings before interest and taxes 3,396 Interest paid 1,282 Taxable Income $ 2,114 Less: Taxes Net income 740 $ 1,374 Galaxy Interiors 2010 and 2011 Balance Sheets ($ in millions) . 2010 2011 2010 2011 Cash $ 668 $ 297 Accounts payable $1,694 $ 1,532 Accounts receivable 1,611 1,527 Notes payable 2,500 Inventory 3,848 2,947 Total $4.194 $1,532 Total Net fixed assets $ 6,127 $ 4,771 17,489 Long-term debt 9,800 10,650 17,107 Common stock 7,500 7,000 Retained earnings 2,122 2,696 Total assets $23,616 $21,878 Total liab. & equity $23.616 $21.878 What is the amount of dividends paid in 2011?
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