TB MC Qu. 02-16 Statement of Retained Earnings TriCycle, Corporation began the year... Statement of Retained Earnings TriCycle, Corporation began the year 2022 with $29 million in retained earnings. The firm earned net income of $8.9 million in 2022 and paid $1.19 million to its preferred stockholders and $3.19 million to its common stockholders. What is the year-end 2022 balance in retained earnings for Tricycle