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Pager Corporation began 2021 with retained earnings of $260 million. Revenues during the year were...

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Accounting

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Pager Corporation began 2021 with retained earnings of $260 million. Revenues during the year were $540 million, and expenses totaled $360 million. Pager declared dividends of $63 million. What was the company's ending balance of retained earnings? To answer this question, prepare Pager's statement of retained earnings for the year ended December 31, 2021, complete with its proper heading. Prepare the statement of ketained earnings. (Enter all amounts in millions, Enter a net loss with a minus sign or parentheses. Include a subtotal after the "Add" ine of the statement.)

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