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Below are the restated amounts of net Income and retained earnings for Company A and Company B for the period Year 1-Year 10. Volunteers began

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Below are the restated amounts of net Income and retained earnings for Company A and Company B for the period Year 1-Year 10. Volunteers began operations in Year 2. 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 os 10). Amounts to be deducted should be indicated by a minus sign.) Year Year 1 Year 2 Year 3 Year Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Company A Company B (Sin millions) (s in millions) Net Retained Net Retained Income (Loss) Earnings Income (Loss) Earnings $ 0 $ 27 $ 12 5 22 (51) (5) 53 33 55 127 94 22 127 (139) (50) 569 66 351 102 352 154 2

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