if retained earnings at the beginning of the period was 243 million and 23 million was paid in dividends during the year what was the net income for the year

Required information (The following information applies to the questions displayed below] The stockholders' equity section of Velcro World is presented here. $ VELCRO WORLD Balance Sheet (partial) (s and shares in thousands Stockholders' equity Preferred stock, 51 par value Common stock, 51 par value Additional pald-in capital Total paid-in capital Retained earnings Treasury stock, 10,000 common shares Total stockholders equity 5,300 23.00 728,600 756, 900 (250,000) $ 787,900 Based on the stockholders' equity section of Velcro World answer the following questions. Remember that all amounts are presented in thousands 4. If retained earnings at the beginning of the period was $243 million and S23 million was paid in dividends during the year. What was the net income for the year? (Enter your answer in million.e., 5.000.000 should be entered as 5).)