Required information [The following information applies to the questions displayed below.] Northwest Gas and Electric Company is a giant public utility operating in northern and central California whose annual revenues exceed $17 billion. It reported the following December 31 simplified balances in its statement of stockholders' equity (dollars in millions): Common stock Paid-in capital Retained earnings Current Year $1,337 8,505 9,696 Prior Year $1,335 8,048 8,800 During the current year, Northwest Gas and Electric reported net income of $1,670. Required: 1. How much did Northwest Gas and Electric declare in dividends for the year? (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Dividends