Retained earnings amount on this years balance sheet

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Reference no: EM13978804

Bigco’s balance sheet one year ago indicated retained earnings of $448.7million. This year, Bigco’s net income was $36 million. It paid its preferred shareholders a dividend of $5.4 million and its common shareholders a regular dividend of $5.7 million and a special one time-dividend of $9.9 million. What should be the retained earnings amount on this year’s balance sheet?

(in millions)

Reference no: EM13978804

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