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What was the balance of retained earnings at end of year

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Question - Kripke Company reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of the year of $71,993 million and dividends of $7,448 million, and other transactions with shareholders that increased retained earnings during the year by $14 million.

If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year?

$ 47,729 million

$ 38,748 million

$ 71,774 million

$ 124,926 million

There is not enough information to calculate the amount.

Reference no: EM132139210

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