?Helium Brands Ltd. has a beginning balance of retained earnings of $185 million. Helium has a net income of $48 million and has paid a dividend of $15 million in the current year. The ending balance of retained earnings is:
A. ?$248 million.
B. ?$185 million.
C. ?$170 million.
D. ?$137 million.
E. ?$218 million.
Answer: E
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