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A company has the following information: Assets, January 1 Assets, December 31 Retained Earnings, January 1 $1,025,000 $1,300,000 $4,750 Retained Earnings, December 31 $7,475

A company has the following information: Assets, January 1 Assets, December 31 Retained Earnings, January 1 $1,025,000 $1,300,000 $4,750 Retained Earnings, December 31 $7,475 Common Stock, January 1 Common Stock, December 31 Annual Revenue $121,000 $131,500 $61,325 Annual Expenses $43,650 What amount of dividends did the company pay during the year?

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