Required Information

$[$The following Information applles to the questions displayed below.$]$

The stockholders' equity section of The Seventles Shop is presented here.

Based on the stockholders' equity section of The Seventles Shop, answer the following questions. Remember that all

amounts are presented In thousands.

If retained earnings at the beginning of the perlod was $$39$ million and net Income during the year was $$11,511,250,$ how much was

paid in dividends for the year? $($Enter your answer In dollars not In millions. $($l$.$e$.,5$ should be entered as $5,000,000).)$