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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,400 Cost of goods sold 7,900

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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,400 Cost of goods sold 7,900 Depreciation 365 Earnings before interest and taxes $2,135 Interest paid 98 Taxable income $2,037 Taxes 611 Net income $ 1,426 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash $360 $380 Accounts payable $1,880 $1,760 Accounts rec. 1,090 990 Long-term debt 1,060 1,520 Inventory 1,860 1.760 Common stock 3,340 3,130 Total $3,310 $3,130 Retained earnings 640 890 Net fixed assets 3,610 4,170 Total assets $6,920 $ 7,300 Total liab. & equity $ 6,920 $ 7,300 What were the total dividends paid for 2017? $1,176 million $510 million $250 million $1,046 million $765 million

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