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May I have a step by step solution for this? Dawson Corporation has the following information available for 2011: (in millions) $45 $65 $75 Issued

May I have a step by step solution for this?

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Dawson Corporation has the following information available for 2011: (in millions) $45 $65 $75 Issued common stock Retired common stock Paid dividends Net income Beginning Common Stock balance Beginning Retained Earnings balance $575 $425 Based on this information, what is Dawson's Retained Earnings balance at the end of the year? a. $630 b. $480 c. $370 d. $555

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