Required information [The following information applies to the questions displayed below The stockholders' equity section of World of Camping is presented here. WORLD OF CAMPING Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $5,700 27,000 964,200 996,900 285,000 (319,000) $962,900 Based on the stockholders' equity section of World of Camping, answer the following questions. Remember that all amounts are presented in thousands. 4. If retained earnings at the beginning of the period was $247 million and $27 million was paid in dividends during the year what was the net income for the year? (Enter your answer in millions (i.e., 5,000,000 should be entered as 5).) Net income million