See Table 2.5 showing financial statement data and stock price data for Mydeco Corp. a. What were Mydeco's retained earnings each year? b. Using the data from 2015, what was Mydeco's total stockholders' equity in 2014? a. What were Mydeco's retained earnings each year? Calculate the retained earnings below: (Round to one decimal place.) Year Net Income Dividends Paid Retained Earnings S $ 69 2015 (Click on the following icon in order to copy its contents into a spreadsheet.) 2015-2019 Financial Statement Data and Stock Price Data for Mydeco Corp. (All data as of fiscal year end; in $ millions) Income Statement Revenue 2015 2016 2017 2018 2019 404.3 363.8 424.6 510.7 604.1 Cost of Goods Sold (188.3) (173.8) (206.2) (246.8) (293.4) Gross Profit 216.0 190.0 218.4 263.9 310.7 Sales and Marketing (66.7) (66.4) (82.8) (102.1) (120.8) Administration (60.6) (59.1) (59.4) (66.4) (78.5) Depreciation & Amortization (27.3) (27.0) (34.3) (38.4) (38.6) EBIT 61.4 37.5 41.9 57.0 72.8 Interest Income (Expense) (33.7) (32.9) (32.2) (37.4) (39.4) Pretax Income 27.7 4.6 9.7 19.6 33.4 Income Tax (9.7) (1.6) (3.4) (6.9) Net Income 18.0 3.0 6.3 12.7 (11.7) 21.7 Shares Outstanding (millions) 55 55 55 55 Earnings per Share $0.33 $0.05 $0.11 $0.23 55 $0.39 Balance Sheet Assets 2015 2016 2017 2018 2019 Cash Accounts Receivable Inventory 48.8 68.9 86.3 77.5 85.0 88.6 69.8 69.8 76.9 86.1 33.7 30.9 28.4 31.7 35.3 Total Current Assets 171.1 169.6 184.5 186.1 206.4 Net Property, Plant & Equipment 245.3 243.3 309.0 345.6 347.0 Goodwill & Int Jibles 361.7 361.7 361.7 361.7 361.7 Total Assets 778.1 774.6 855.2 893.4 915.1 Liabilities & Stockholders' Equity Accounts Payable 18.7 17.9 22.0 26.8 31.7 Accrued Compensation 6.7 6.4 7.0 8.1 9.7 Total Current Liabilities 25.4 24.3 29.0 34.9 41.4 Long-Term Debt 500.0 500.0 575.0 600.0 600.0 Total Liabilities 525.4 524.3 604.0 634.9 641.4 Stockholders' Equity 252.7 250.3 251.2 258.5 273.7 Total Liabilities & Stockholders' Equity 778.1 774.6 855.2 893.4 915.1 Statement of Ch Flows 2015 2016 2017 2018 2019 Net Income 18.0 3.0 6.3 12.7 21.7 Depreciation & Amortization 27.3 27.0 34.3 38.41 38.6 Change in Accounts Receivable 3.9 18.8 0.0 (7.1) (9.2) Change in Inventory (2.9) 2.8 2.5 (3.3) (3.6) Change in Pay. & Accrued Comp. 2.2 (1.1) 4.7 5.9 6.5 Cash from Operations 48.5 50.5 47.8 46.6 54.0 Capital Expenditures (25.0) (25.0) (100.0) (75.0) (40.0) Cash from Investing Activ. (25.0) (25.0) (100.0) (75.0) (40.0) Dividends Paid (5.4) (5.4) (5.4) (5.4) (6.5) Sale (or Purchase) of Stock Debt Issuance (Pay Down) 75.0 25.0 Cash from Financing Activ. (5.4) (5.4) 69.6 19.6 (6.5) Change in Cash 18.1 20.1 17.4 (8.8) 7.5 Mydeco Stock Price $7.92, $3.30 $5.25 $8.71 $10.89