QUESTION 3 Partially correct Mark 0.50 out of 1.00 P Flag question Edit question Financial Statement Relations to Compute Dividends Colgate-Palmolive Company reports the following balances in its retained earnings. $ millions) 2013 2012 Retained earnings S17,952 $16,953 During 2013, Colgate-Palmolive reported net income of $2,410 million. a. Assume that the only changes affecting retained earnings were net income and dividends. What amount of dividends did Colgate-Palmolive pay to its shareholders in 2013? 1,411 million b. This dividend amount constituted what percent of its net income? (Round your answer to one decimal place.) 58.6