0 1 4 of wbook Pret ferences Required information Problem 10-4A (Algo) Analyze the stockholders' equity section (LO10-7) (The following information applies to the questions displayed below] The stockholders' equity section of Your Nesting Place is presented here. YOUR NESTING PLACE Balance Sheet (partial) ( and shares in thousands) Stockholders equity Preferred stock, $1 par value Common stock, $1 par value Addisional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $4,100 11,000 233,000 248,100 269,000 (143,000) $374,100 Based on the stockholders' equity section of Your Nesting Place, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4A (Algo) Part 4 4. If retained earnings at the beginning of the period was $231 million and $11 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in millions (ie., 5,000,000 should be entered as 5).) 220 million