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Thelma and Loule, Inc. started the year with a balance of retained earnings of $549 million and ended the year with retained earnings of $598
Thelma and Loule, Inc. started the year with a balance of retained earnings of $549 million and ended the year with retained earnings of $598 million. The company paid dividends of $39 million to the preferred stockholders and 579 million to common stockholders. Calculate Thelma and Loule's net income for the year (Enter your answer in millions of dollars.) Net income milton
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