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Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period2009-2018. Volunteers began operations in 2010,

Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period2009-2018. Volunteers began operations in 2010, 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.(Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 20092018. Volunteers began operations in 2010, 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. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

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