Crown Hotels Inc., a large hotel chain, had Retained Earnings of $285.0 million at the beginning of 2020. The company showed these figures at December 31, 2020 (5 millions) Net income $ 1200 Cash dividends Preferred 1.0 Common 450 Debit to retained earnings due to repurchase of preferred shares Required Prepare the statement of retained earnings for Crown Hotels inc. for the year onded December 31, 2020 Crown Hotels Inc. 40 Statement of Retained Earnings For the Year Ended December 31, 2020 Millions