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Colgate - Palmolive reports the following dollar balances in its retained earnings account. ( $millions ) 2 0 0 5 2 0 0 4 Retained

Colgate-Palmolive reports the following dollar balances in its retained earnings account.
($millions)20052004
Retained earnings............. 8,968.18,223.9
During 2005, Colgate-Palmolive reported net income of $1,351.4 million. What amount of dividends, if any, did Colgate-Palmolive pay to its shareholders in 2005?
a. $607.2 million
b. No dividends paid
c. $301.2 million
d. $744.2 million

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