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jon, Corp. began the year 2018 with $2000 million in retained earnings. The firm earned net income of $300 million in 2018 and paid $150

jon, Corp. began the year 2018 with $2000 million in retained earnings. The firm earned net income of $300 million in 2018 and paid $150 million to its preferred stockholders and $50 million to its common stockholders.

What is the year-end 2018 balance in retained earnings for Mr. jon. corporation.

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