Statement of Retained Earnings TriCycle, Corp. began the year 2008 with $29 million in retained earnings. The firm earned net income of $8.9 million in 2008 and paid $1.19 million to its preferred stockholders and $3.19 milion to its common stockholders. What is the year-end 2008 balance in retained earnings for TriCycle? Multiple Choice $33.52 million $29 million $42.28 million Ps 13