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Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Total assets 2021 $ 380 1,130 1,900 $ 3,410 3,650 $ 7,060 $ 10,600 8,000 375 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) What were the total dividends paid for 2022? 2022 $ 400 1,030 1,780 $ 2,225 102 $ 2,123 637 $ 1,486 $ 3,210 4,230 $ 7,440 Accounts payable Long-term debt Common stock Retained earnings Total liabilities & equity 2021 $ 1,940 1,080 3,380 660 $ 7,060 2022 $ 1,840 1,540 3,150 910 $ 7,440
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