Below are the restated amounts of
net income and retained earnings for Volunteers Inc. and Raiders Inc. for the
period 2006–2015. Volunteers began operations in 2007.
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Required:
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Calculate the balance of retained
earnings each year for each company. Neither company paid dividends during
this time. (Enter your answers in millions (i.e.,
10,000,000 should be entered as 10).)
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