Loving Corporation Income Statement Year Ended December 31, 2018 (millions) Net sales 185 106 Expenses Net income (loss) $a 29 Loving Corporation Statement of Retained Earnings Year Ended December 31, 2018 (millions) $ 77 Beginning retained earnings Net income Cash dividends declared Ending retained earnings b (11) sc 144 million Loving Corporation Balance Sheet December 31, 2018 (millions) Assets Cash 115 All other assets d Total assets $e Liabilities 50 Total liabilities Stockholders' equity ILLID Common stock 27 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $h Net income (loss) 79 a b b Net income 79 C Ending retained earnings 144 d All other assets CD Total assets 9 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity h