Based on the following information, calculate the company's Retained Earnings as of 12/31/08. Assume in 1 -3 that the Company's Retained Earnings as of 12/31/07 total $100M
1) In '08 , the Company had Net Income of $125M; elected to give a Dividend to Preferred Shareholders of $50M; elected to give a Dividend to Common Shareholders of $75M.
2) In '08, the Company experienced a Net Loss $200M; No Preferred Shareholders ; elected to give a Dividend to Common Shareholders of $75M.
3) In '08, the Company had Net Income of $100M; elected to give a Dividend to Preferred Shareholders of $1 per share; elected to give a dividend to Common Shareholders of $.50 per share; Company had 50M shares of Preferred stock and 100M shares of Common Stock outstanding as of 12/31/08. Based on the following information, calculate the company's Retained Earnings as of 12/31/07.
Assume in 4-6 that the Company's Retained Earnings as of 12/31/08 total $300M
4) In '08 , the Company had Net Income of $25M; elected to give a Dividend to Preferred Shareholders of $50M; elected to give a Dividend to Common Shareholders of $50M.
5) In '08, the Company experienced a Net Loss $200M; elected to give a Dividend to Common Shareholders of $100M.
6) In '08, the Company had Net Income of $200M; elected to give a Dividend to Preferred Shareholders of $1 per share; elected to give a dividend to Common Shareholders of $.50 per share; Company had 100M shares of Preferred stock and 50M shares of Common Stock outstanding as of 12/31/08.