10. Managers at Hovey Hovercraft, Ltd. are making some financial projections. In the coming year they expect net income to be 6% of the $105 million in sales. If the accumulated retained earnings total shown on the balance sheet for the year just ended was $18 million, and if Hovey continues with its historical practice of paying 45% of each year's net income to the company's common stockholders as cash dividends, what accumulated retained earnings total should we expect to see on the balance sheet that will be completed at the end of the current year