Question 8 (3 points) The company's previous year-end retained earnings were $33 million. It reports $46 million of current year-end retained earnings. How much dividends are paid to shareholders in the current year if the net income of the current year is $20 million? Assume that all dividends declared are actually paid. (Hint: This question is related to Statement of Retained Earnings on Chapter 3 PowerPoint Slide #10 or Textbook page 67 Table 3.3.) Note: Net income is also called net profits after taxes b $8 million 56 million $9 million $7 million d