Montreal Ltd. began 2020 with retained earnings of $10 million. Revenues during the year were...

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Accounting

Montreal Ltd. began 2020 with retained earnings of $10 million. Revenues during the year were $37 million and expenses totalled $32 million. Montreal declared dividends of $10 million. What was the company's ending balance of retained earnings? To answer this question, prepare Montreal's statement of retained earnings for the year ended December 31,2020, and complete with its appropriate heading.
Complete the financial statement below. (Enter amounts in millions.)
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