Mr. Husker's Tuxedos, Corp. began the year 2011 with $205 million in retained earnings. The firm earned net income of $30 million in 2011 and paid $5 million to its preferred stockholders and $12 million to its common stockholders. What is the year-end 2011 balance in retained earnings for Mr. Husker's Tuxedos?
A) $193,000,000
B) $200,000,000
C) $213,000,000
D) $218,000,000

Question

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The Answer of Mr. Husker's Tuxedos, Corp. began the year 2011 with $205 million in retained earnings. The firm earned net income of $30 million in 2011 and paid $5 million to its preferred stockholders and $12 million to its common stockholders. What is the year-end 2011 balance in retained earnings for Mr. Husker's Tuxedos?
A) $193,000,000
B) $200,000,000
C) $213,000,000
D) $218,000,000

Mr Husker's Tuxedos, Corp