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Below are the net income and retained earnings for Volunteers Incorporated and Raiders Incorporated for the period 2015 to 2024 . Volunteers began operations in
Below are the net income and retained earnings for Volunteers Incorporated and Raiders Incorporated for the period 2015 to 2024 . Volunteers began operations in 2016, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign
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