Sunnyside Hotels Inc., a large hotel chain, had Retained Earnings of $295.0 million at the beginning of 2020. The company showed these figures at December 31, 2020: Net income Cash dividends-Preferred Common Debit to retained earnings due to repurchase of preferred shares Required ($millions) $ 80.0 1.0 47.0 8.0 Prepare the statement of retained eamings for Sunnyside Hotels Inc. for the year ended December 31, 2020. (Use parentheses or a minus sign when subtracting numbers.) Sunnyside Hotels Inc. Statement of Retained Earnings For the Year Ended December 31, 2020 Millions Clear all Help me solve this Calculator Ask my instructor Check answer