Given the most recent financial statements for Microsoft (FY2019). Sales for FY2020 are expected to grow by 4 percent. The following assumption must hold in the pro forma financial statements. The tax rate (percentage) and the dividend payout ratio (percentage) will remain constant. COGS, SGA, Depreciation, Interest Expense, Cash, Account Receivable, Inventory, Other Current Assets, and Net Fixed Asset increase spontaneously with sales. If the firm is operating at full capacity and no new debt or equity are issued, calculate the pro forma value for dividends paid (FY2020). Simplified Statements for MSFT Balance Sheet FY2019 FY2019 Cash Income Statement 147,145 Sales 115,450 Acct. Receivable 29,129 COGS 42,500 Inventory 2,928 7,409 SGA 38,000 Other Current Assets Depreciation Net Fixed Assets 103,910 15,000 EBIT Total Assets 19,950 290,521 Interest Expense 3,550 Acct. Payable 16,400 9,479 EBT 184,246 Taxes 3444 Long Term Debt 12,956 78,345 Net Income Common Stock Retained Earnings Dividends 6,000 18,451 Addition to Retained Earnings Total Liab. And Equity 6,956 290,521