10.

Electronics World Inc. paid out $24.8 million in total common dividends and reported $259.2 million of retained earnings at year-end. The price yer's retained earnings were $215.1 million. What was the net income? Assume that all dividends declared were actually paid. Wrige out your answer completely. For wample, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary