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When the 2018 year began, Senatobia Furniture's shareholders' equity included the following ($ in millions) 6 milIlion shares of 91 par common stock 6 Paid-in capital -excess of par 1 million shares of $100 par, 9% cumulative, 114 non-participating preferred stock Retained earnings 100 $140 The company earned $48 million during 2018. At the end of the year, the board of directors declared and paid the contracted amount of preferred dividends as well as $3 per share to common shareholders. No dividends had been declared or paid during 2017. On January 5 the company distributed a 3 for 2 common stock split effected in the form of a stock dividend. What is the balance in retained earnings to be reported on the 2018 balance sheet