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5. Intel reports the balance of retained earnings at the end of fiscal 2016 of $45,000m and the net income of $10,316 million. The company

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5. Intel reports the balance of retained earnings at the end of fiscal 2016 of $45,000m and the net income of $10,316 million. The company also reported dividends of $4,925m and other transactions with shareholders that reduced retained earnings during the year 2016 by $2,500m. What is the balance of retained earnings at the end of fiscal 2015? A) $36,867m C) $37,614m C) $30,316m D) $42,109m

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