Question 6 Use the following information to answer the question: Income Statement For the Year Net sales $631,000 COGS 444,220 Depreciation 26,100 EBIT $160.680 Interest 19.400 Taxable income $141,280 Taxes 48,035 Net income 93.245 Balance Sheet Beginning of End of Year Year Cash $ 38,200 $43.700 Accounts receivable 91.400 86.150 Inventory 203,900 214.600 courses/16265/quizzes/73153/take Net fixed assets 516,100 537,950 Total assets 849,600 $882,400 Accounts payable $136,100 104,300 Long-term debt 329.500 298,200 Common stock ($1 par value) 75.000 82.000 Retained earnings 309,000 397.900 Total Liab. & Equity $849.600 882.400 What is the amount of the dividends paid during the year