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Bigco s balance sheet one year ago indicated retained earnings of $ 4 5 0 million. This year, Bigco s net income was $ 3

Bigcos balance sheet one year ago indicated retained earnings of $450 million. This year, Bigcos net income was $35 million. It paid its preferred shareholders a dividend of $5 million and its common shareholders a regular dividend of $6 million and a special one time-dividend of $10 million. What should be the retained earnings amount on this years balance sheet?
(in millions)

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