The year-end 2018 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $2,900,000 and retained earnings at $5,200,000. The next year, retained earnings were listed at $5,500,000. The firm's net income in 2019 was $1,080,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2019?