Colgate$-$Palmolive Company reports the following balances in its retained earnings.

During $2019,$ Colgate$-$Palmolive reported net income of $$2,367$ million.

a$.$ Assume that the only changes affecting retained earnings were net income and dividends. What amount of dividends did Colgate$-$Palmolive pay to its shareholders in $2019?$

$

million

b$.$ This dividend amount constituted what percent of its net income? $($Round your answer to one decimal place.$)$ Calculating Gross Profit and Preparing an Income Statement

In $2017,$ Colgate$-$Palmolive Company reported sales revenue of $$15,693$ million and cost of goods sold of $$6,368$ million. Its net income was $$2,527$ million. Calculate gross profit and prepare an income statement

using the format illustrated in Exhibit $1\mathrm{.}8($found in Chapter $1$ of the textbook on page $13).$

Do not use negative signs with any of your answers.