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Statement of Retained Earnings Z, Corp. began the year 2008 with $1.1 million in retained earnings. The firm earned net income of $5.1 million in

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Statement of Retained Earnings Z, Corp. began the year 2008 with $1.1 million in retained earnings. The firm earned net income of $5.1 million in 2008 and paid $2.99 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Z? Multiple Choice $6.2 $9.19 million $1.01 million million

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