Canada Corporation began 2021 with retained earnings of $280 million. Revenues during the year were $530 million, and expenses totaled $340 million. Canada declared dividends of $56 million. What was the company's ending balance of retained earnings? To answer this question, prepare Canada's statement of retained earnings for the year ended December 31, 2021, complete with its proper heading. Prepare the statement of retained earnings (Enter all amounts in millions. Enter a net loss with a minus sign or parentheses. Include a subtotal after the "Add" line of the statement.) Canada Corporation Statement of Retained Earnings Canada Corporation (millions) Retained earnings, December 31, 2020 Add Net income for the period Subtotal Less Dividends declared 56 Retained earnings, December 31, 2021