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Kelty Company's year - end financial statements reported the following ( in millions ) : Total assets $ 4 1 , 2 7 8 ;

Kelty Company's year-end financial statements reported the following (in millions): Total
assets $41,278; Total liabilities $29,465; Total shareholders' equity $11,813; Dividends $205;
Net income $3,160 Retained earnings, Jan. 1$11,425. What did Kelty Company report for
retained earnings at December 31?
$14,790 million
$14,768 million
$14,380 million
$14,585 million
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