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 $0 Common stock, $5 par value 19,000 Additional paid-in capital 87,400 Total paid-in capital 106,400 Retained earnings 52,000 Treasury stock (3,500) Total stockholders' equity $154,900 Based on the stockholders equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 4. If retained earnings at the beginning of the period was $45 million and net income during the year was $9,506,875, 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).)