The year-end 2015 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $1,900,000 and retained earnings at $4,200,000. The next year, retained earnings were listed at $4,500,000. The firms net income in 2016 was $980,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2016?