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Worldwide Widget Manufacturing, Inc. Statement of Retained Earnings as of December 31, 2015 (in millions of dollars) Balance of retained earnings, December 31,2014 $1,142 Plus:

Worldwide Widget Manufacturing, Inc.

Statement of Retained Earnings as of December 31, 2015 (in millions of dollars)

Balance of retained earnings, December 31,2014 $1,142

Plus: Net income for 2015 w.?

Less: Cash dividends paid 0 0

Preferred stock x.?

Common Stock 219

Total cash dividends paid 317

Balance of retained earnings, December 31,2015 $1,489

w. Plus: Net income for 2015 _______

x. Preferred stock _______

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