Worldwide Widget Manufacturing, Inc. Statement of Retained Earnings as of December 31, 2015 (in millions of dollars) Balance of retained earnings, December 31, 2014 Plus: Net income for 2015 Preferred stock Common stock Total cash dividends paid Balance of retained earnings, December 31, 2015 $1,142 w. ? x. ? 219 317 $1,489 w. Plus: Net income for 2015 x. Preferred stock