Last year, in 2020.the Joaquin Agave Tequila Company retained $300,000 of its $500,000 net income. This year the company expects sales to increase significantly and net income is expected to approximate $650,000. The company follows a constant payout ratio dividend policy. Based on this year's net income forecast, how much is Joaquin budgeting for dividends to its stockholders in 2021? $300,000 $390,000 $650,000 ent None of the above