M2-27. Constructing a Retained Earnings Reconciliation from Financial Data Following is financial information from Johnson & Johnson for the year ended December 31, 2017. Prepare the 2017 fiscal-year retained earnings reconciliation for Johnson & Johnson ($ millions). Retained earnings, Jan. 1, 2017... Net earnings..... Other retained earnings changes.... $70,418 1,300 $ (2,615) Dividends..... Retained earnings, Dec. 31, 2017 ***** **** $8,943 ? LO1, 5 MBC Johnson & Johnson NYSE: JNJ