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Statement of Retained Earnings

In its most recent financial statements, Del-Castillo Inc. reported $55 million of net income and $960 million of retained earnings. The previous retained earnings were $955 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.

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