MC algo 3-17 Calculating Dividends Pald Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income $9,400 7,490 315 $1,595 91 $1,504 451 $1,053 -Cash Accounts rec Inventory Total Net fixed assets Total assets Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 $ 260 $ 275 Accounts payable 1,060 960 Long-term debt 1,660 1,660 Common stock $2,980 $2,895 Retained earnings 3,410 3,870 $6,390 $6,765 Total liab. & equity 2016 2017 $1,440 $1,585 1,150 1,420 3,320 3,030 480 730 56, 390 $6,765 What were the total dividends pald for 2017