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What was the company retained earnings balance at the start

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Problem 1: Caterpillar Inc. reports net income for 2013 of $ 3,789 million, retained earnings at the end of the year of $31,854 million, and dividends during the year of $1,493 million. What was the company's retained earnings balance at the start of 2013?

Option 1: $29,558 million

Option 2: $30,361 million

Option 3: $28,065 million

Option 4: $26,572 million

Reference no: EM132993325

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