On January 1,Year 1,a Company's Balance in Retained Earnings Was

On January 1,Year 1,a company's balance in retained earnings was $10,000,000.At December 31,Year 1,the balance in retained earnings was $9,400,000.If the company earned net income of $440,000 during the year,how much were dividends?

A) $440,000
B) $600,000
C) $1,000,000
D) $1,040,000