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TriCycle, Corporation began the year 2018 with $29 million in retained earnings. The firm earned net income of $8.9 million in 2018 and paid $1.19

TriCycle, Corporation began the year 2018 with $29 million in retained earnings. The firm earned net income of $8.9 million in 2018 and paid $1.19 million to its preferred stockholders and $3.19 million to its common stockholders. What is the year-end 2018 balance in retained earnings for TriCycle?

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