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In its most recent financial statements, Nessler Inc. reported $35 million of net income and $350 million of retained earnings. The previous retained earnings were

In its most recent financial statements, Nessler Inc. reported $35 million of net income and $350 million of retained earnings. The previous retained earnings were $326 million. How much in dividends were paid to shareholders during the year? Assume that all dividends declared were actually paid. Write out your answer completely.

$___________

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