6 When the 2021 year began, Senatobia Furniture's shareholders' equity included the following: 6 million shares of $1 par common stock Paid-in capital excess of par 1 million shares of $100 par, 9 cumulative, non-participating preferred stock Retained earnings ($ in millions). $ 6 114 100 $140 The company earned $48 million during 2021. At the end of the year, the board of directors declared and paid the contracted amount of preferred dividends as well as $3 per share to common shareholders. No dividends had been declared or paid during 2020. On January 5, the company distributed a 3 for 2 common stock split effected in the form of a stock dividend. What is the balance in retained earnings to be reported on the 2021 balance sheet?