The Davidson Corporation's balance sheet and income statement are given below: Davidson Corporation: Balance Sheet as of December 31, 2008 (Millions of Dollars) ASSETS LIABILITIES AND EQUITY Cash and equivalents $20 Accounts payable $120 Accounts receivable 495 Notes payable 215 Inventories 880 Accruals 310 Total current assets $1,395 Total current liabilities $645 Net plant and equipment 2,490 Long-term bonds 1,480 Total debt $2,125 Common stock (100 million shares) 260 Retained earnings 1,500 Common equity $1,760 Total assets $3,885 Total liabilities and equity $3,885 Davidson Corporation: Income Statement for Year Ending December 31, 2008 (Millions of Dollars) Sales $6,500 Operating costs excluding depreciation and amortization 4,745 EBITDA $1,755 Depreciation and amortization 130 EBIT $1,625 Less: Interest 255 EBT $1,370 Taxes (40%) 548 Net income $822 Common dividends paid $324.69 Earnings per share $8.22 a. Construct the Statement of Retained Earnings for December 31, 2008. Round your answer to two decimal places. Balance of Retained Earnings, December 31, 2007 ________million Add: Net income, 2008 _________million Less: Dividends paid to common stockholders _________million Balance of Retained Earnings, December 31, 2008 _________million b. How much money has been reinvested in the firm over the years? Round your answer to the nearest hundredth of million, if necessary. ________million c. At the present time, how large a check could be written without it bouncing? Round your answer to the nearest hundredth of million, if necessary. ________million d. How much money must be paid to current creditors within the next year? Round your answer to the nearest hundredth of million, if necessary. ________million