Consider the following simplified financial statements for the Phillips Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $21,000 Assets $9,100 Debt $5,300 Costs 14,000 Equity 3,800 Net income $7,000 Total $9,100 Total $9,100 Phillips has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Required: Calculate the dividend paid. (Do not round your intermediate calculations.)