3

Cornhole Corp. reported retained earnings of $68 million on it 20Y4 balance sheet and $124 million on it 20Y5 balance sheet. Cornhole reported net income of $119 million on its 20Y5 income statement. What amount of dividends did Cornhole pay to its common shareholders during 20Y5?

Select one:

a. $63 million

b. $73 million

c. $82 million

d. $119 million