Question 8

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Caterpillar Inc. reports a net loss for 2016 of $(67) million, retained earnings at the end of the year of $27,377 million, and dividends during the year of $1,802 million. What was the company's retained earnings balance at the start of 2016?

Select one:

A. $29,246 million

B. $30,361 million

C. $28,065 million

D. $26,572 million

E. There is not enough information to calculate the amount.