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Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) et sales ess: Cost of goods sold ess: Depreciation arnings before interest and taxes ess: Interest paid axable Income ess: Taxes $ 91 7,340 $1,4 $1,37 85 413 ncome $ 962 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2009 2010 2010 $ 23 $230Accounts payable $1,350 $1,350 1,390 $3,260$3,000 700 rec term 1,120 ,60 1,630 Common stock otal 450 S 2,830$2,6 33503780 S 6180 S 6,440 Total liab. &equity Retained earnings t fixed assets otal assets What amount should be included in the financing section of the 2010 statement of cash flows for dividends paid? O $250 million $712 million O $732 milion $575 million $470 million

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Answer #1

Closing retained earnings = Opening retained earnings+Net income-Dividends paid

700 = 450+962-Dividends paid

Dividends paid = 712

Hence, correct option is $712 million

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