Company A has a beginning balance of retained earnings of $120 million. Company A has a net income of $20 million and has paid a dividend of $5 million in the current year. What is the ending balance of retained earnings?

Company A has a beginning balance of retained earnings of $120 million. Company A has a net income of $20 million and has paid a dividend of $5 million in the current year. What is the ending balance of retained earnings