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Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) Net sales $ 10,400 Less: Cost of goods sold

Use the following information to answer this question.

Windswept, Inc. 2010 Income Statement ($ in millions)
Net sales $ 10,400
Less: Cost of goods sold 7,900
Less: Depreciation

365

Earnings before interest and taxes $ 2,135
Less: Interest paid

98

Taxable Income $ 2,037
Less: Taxes

611

Net income

$ 1,426

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions)

2009

2010

2009

2010

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 amount should be included in the financing section of the 2010 statement of cash flows for dividends paid?

$510 million

$765 million

$1,046 million

$1,176 million

$250 million

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