Question 3 (of 3) 3. value 25.00 points Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2016. At January 1, 2016, the corporation had outstanding 107 million common shares, S1 par per share. Rotained Earmings (S in millions) 92 Beginning balance Retirement of 7 million common shares for $21 million 81 Net income fore year Declaration and payment of a $0.35 per share cash dividend Declaration and distribution of a 4% stock dividend 35 24 110 Ending balance Type here to search