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At the end of Fiscal Year (FY) 2020, ExpoCorp reported the following balances on its Balance Sheet: Total Assets of $200m, Total Liabilities of $120m,

At the end of Fiscal Year (FY) 2020, ExpoCorp reported the following balances on its Balance Sheet: Total Assets of $200m, Total Liabilities of $120m, Common Stock of $30m, and Retained Earnings of $50m. Over FY 2021, ExpoCorp earned Net Income of $20m, and paid out Dividends of $10m. What would be the balance of Retained Earnings reported on its Balance Sheet at the end of FY 2021?

A. None of the other answers

B. $10m

C. $60m

D. $20m

E. $50m

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