Statement of Retained Earnings Triplette, Corp. began the year 2008 with -$5.04 million in retained earnings. The firm eamed net income of $10.04 million in 2008 and paid $2.04 million to its preferred stockholders and $1.04 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Triplette? Multiple Choice $18.46 million O O o $1.92 million O 0 $8.08 million O $5.04 million