Required information Problem 10-4B Analyze the stockholders' equity section (LO10-7) (The following information applies to the questions displayed below.) The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands ) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $ 0 12,000 21,600 33,600 45,000 (2,100) $76,500 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4B Part 4 4. If retained earnings at the beginning of the period was $38 million and net income during the year was $9,065,500, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000).) Dividends paid