S1-10. (Learning Objective 3: Preparing a statement of changes in equity) Roam Corp.

began 20X6 with retained earnings of $300 million and share capital of $125 million. Revenues during the year were $510 million and expenses totaled $325 million. Roam declared and paid dividends of $15 million. What was the company’s ending balance of retained earnings? To answer this question, prepare Roam’s statement of changes in equity for the year ended December 31, 20X6, complete with its proper heading.