Required information [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet partial) is and shares in thousands) Stockholders' equity Preferred stock, si par value $ 4,500 Common stock, si per value 15,000 Additional paid-in capital 363,00 Total paid in capital 382,500 Retained cornings 273,00 Treasury stock, 10.000 common shares (170,000) Total stockholdersequity $ 485,500 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands 4. If retained earnings at the beginning of the period was $235 million and $15 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (ie., 5,000,000 should be entered as 5)) Melince milion