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On 12/31/2022, a firm reported retained earnings of $600,000 on its balance sheet, and it reported that it had $200,000 of net income during the

On 12/31/2022, a firm reported retained earnings of $600,000 on its balance sheet, and it reported that it had $200,000 of net income during the year. On its previous balance sheet, at 12/31/2021, the firm had reported $500,000 of retained earnings. No shares were issued or repurchased by the firm during 2022. How much in dividends did the firm pay during 2022?

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