A firm $ 9 2 5 , 0 0 0 of retained earnings in 2 0 2 1 and $ 1 , 0 5 , 0 0 0 in 2 0 2 2 The firm generated net income after tax of $ 2 1 5 , 0 0 0 How much did they pay in dividends in 2 0 2 1

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A firm $ 9 2 5 , 0 0 0 of retained earnings in 2 0 2 1 and $ 1 , 0 5 ,

A firm $

925, 000

of retained earnings in

2021

and $

1, 05, 000

2022 .

The firm generated net income after tax of $

215, 000 .

How much did they pay in dividends in

2021 ?

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