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Hetp Save at 1 Below are the restated amounts of net income and retained earnings for Volunteers Inc and Raiders Inc. for the period 2009-2018

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Hetp Save at 1 Below are the restated amounts of net income and retained earnings for Volunteers Inc and Raiders Inc. for the period 2009-2018 Volunteers began operations in 2010, while Raiders begon several years earlier Required: Calculate the balance of retained earnings each year for each compony. Neither company paid dividends during this time (Enter your answers in millions [.e., 10,000,000 should be entered as 10). 10 points eBook Year 2000 2010 References VOLUNTEERS INC RAIDERS INC (5 in millions) is in millions) Net Retained Net Retained Income (0) Earnings Income (Lose) Earnings $ 05 255 10 20 12 (53) (6) 6 51 31 53 125 20 125 (141) (52) 567 64 349 100 350 152 2011 2012 2013 2014 2015 2016 2017 2018

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