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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 11,000 Cost of goods sold 8,200

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 11,000
Cost of goods sold 8,200
Depreciation 395
Earnings before interest and taxes $ 2,405
Interest paid 110
Taxable income $ 2,295
Taxes 689
Net income $ 1,606

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 420 $ 445 Accounts payable $ 2,060 $ 2,005
Accounts rec. 1,210 1,110 Long-term debt 1,120 1,580
Inventory 1,980 1,820 Common stock 3,460 3,190
Total $ 3,610 $ 3,375 Retained earnings 700 950
Net fixed assets 3,730 4,350
Total assets $ 7,340 $ 7,725 Total liab. & equity $ 7,340 $ 7,725

What were the total dividends paid for 2017?

$1,161 million

$250 million

$505 million

$825 million

$1,356 million

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