5.

The year-end 2021 balance sheet of Brandex Incorporated listed common stock and other paidin capital at $1,100,000 and retained earnings at $3,300,000. The next year, retained earnings were listed at $3,800,000. The firm's net income in 2022 was $800,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2022 ? a. $300,000 b. $500,000 c. $600,000 d. $1,300,000 e. $1,100,000