Saved . 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) ($ and shares in thousands) Stockholders' equity! Preferred stock, $1 par value 4,500 Common stock, $1 par value 15,000 Additional paid-in capital 363.000 Total paid-in capital 382,500 Retained earnings 273,000 Treasury stock, 10.000 common shares (170,000) Total stockholders' equity $ 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 (.e., 5,000,000 should be entered as 5).) Net income million