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The balance in retained earnings as of December 31, 2017 was $1,440,000 and as of December 31, 2018 it was $1,164,000. Net income for 2018

  1. The balance in retained earnings as of December 31, 2017 was $1,440,000 and as of December 31, 2018 it was $1,164,000. 
  2. Net income for 2018 was $1,000,000. 
  3. A stock dividend was declared and distributed, increasing common shares by $500,000 and paid-in capital by $220,000. 
  4. A cash dividend was declared and paid.
What was the amount of the cash dividend?

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