International Hotels Inc., a large hotel chain, had Retained Earnings of $285.0 million at the beginning of 2020. The company showed these figures at December 31, 2020: ($ millions) Net income $ 100.0 Cash dividends-Preferred 3.0 Common 49.0 Debit to retained earnings due to repurchase of preferred shares 4.0 Required Prepare the statement of retained earnings for International Hotels Inc. for the year ended December 31, 2020. (Use parentheses or a minus sign when subtracting numbers.) International Hotels Inc. Statement of Retained Earnings For the Year Ended December 31, 2020 Millions