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In Q1 2018, CNA Companies reports the following transactions: Capital expenditures of $15 million Loss on sale of equipment of $6 million Debt principal repayment

In Q1 2018, CNA Companies reports the following transactions: Capital expenditures of $15 million Loss on sale of equipment of $6 million Debt principal repayment of $8 million Preferred dividend of $2 million Common dividend of $3 million Share buyback of $4 million Ignoring the effect of taxes, what is the impact of these transactions on retained earnings ?

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