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Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 10,000 Cost of goods sold 7,700

Use the following information to answer this question.

Windswept, Inc. 2017 Income Statement ($ in millions)
Net sales $ 10,000
Cost of goods sold 7,700
Depreciation 345
Earnings before interest and taxes $ 1,955
Interest paid 90
Taxable income $ 1,865
Taxes 560
Net income $ 1,305

Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions)
2016 2017 2016 2017
Cash $ 320 $ 335 Accounts payable $ 1,760 $ 1,595
Accounts rec. 1,010 910 Long-term debt 1,020 1,480
Inventory 1,780 1,720 Common stock 3,260 3,090
Total $ 3,110 $ 2,965 Retained earnings 600 850
Net fixed assets 3,530 4,050
Total assets $ 6,640 $ 7,015 Total liab. & equity $ 6,640 $ 7,015

What were the total dividends paid for 2017?

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