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The year-end 2013 balance sheet of Brandex Inc. listed common stock and other paid-in capital at 1,100,000 and retained earnings at 3,400,000. The next year,
The year-end 2013 balance sheet of Brandex Inc. listed common stock and other paid-in capital at 1,100,000 and retained earnings at 3,400,000. The next year, retained earnings were listed at 3,700,000. The firm's net income in 2014 was 900,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2014?
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