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- You have the following balance sheet items: year-end 2020 balance sheet items: CIS and other Pl capital - 1,100,000 USD retained earnings = 3,450,000

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- You have the following balance sheet items: year-end 2020 balance sheet items: CIS and other Pl capital - 1,100,000 USD retained earnings = 3,450,000 USD year-end 2021 balance sheet item: retained earnings = 3,775,000 USD 2021 income statement item: net income = 800,000 USD There were no stock repurchases. Calculate the dividends paid by the firm in 2021. O $550,000 O $525,000 O $500,000 0 $475,000 0 $450,000

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