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Required information [The following information applies to the questions displayed below.] A recent annual report for Wilmington, Inc. contained the following information: a. Retained
Required information [The following information applies to the questions displayed below.] A recent annual report for Wilmington, Inc. contained the following information: a. Retained earnings at the end of last year totaled $80,297 million. b. Net income for the current year was $11,693 million. c. Par value of the stock is $1 per share. d. Cash dividends declared in the current year were $6,860 million. e. The Common Stock account totaled $4,019 million at the end of the current year and $4,019 million at the end of last year. Assume that no other information concerning stockholders' equity is relevant:
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