Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes):

Income Statement		Balance Sheet
Sales	$23,000	Assets	$15,800	Debt	$5,200
Costs	16,700			Equity	10,600
Net income	$6,300	Total	$15,800	Total	$15,800

Phillips has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well.

Required:

Calculate the dividend paid.

	$5,855
	$4,875
	$5,755
	$5,555
	$5,655