Computing Retained Earnings and Preparing a Classified Balance Sheet

The following data, in no particular order, are from the accounts of Brown Corp. as of December $31,$ its annual year$-$end.

All amounts are accurate, all accounts have normal balances and total debits equal total credits, and all amounts are

in $ millions.

a$.$ Compute the year$-$end balance of retained earnings. $ $\_\_$ million

b$.$ Prepare a classified balance sheet as of December $31.$

Note: Do not use negative signs with any of your answers.