Consider the following simplified financial statements for YOLO Inc.,

*This is assuming there are no income taxes:

Income Statement		Balance Sheet
Sales	$28,000	Assets	$10,500	Debt	$4,700
Costs	13,400			Equity	5,800
Net income	$14,600	Total	$10,500	Total	$10,500

Phillips has predicted a sales increase of 8%.

It has predicted that every item on the balance sheet will increase by 8% also.

Calculate the dividend paid. (Do not round your intermediate calculations.)

Please choose one option from the provided bank below:

• $15,281

• $24,328

• $15,285

• $15,290

• $15,304