Roam Corporation began 2016 with retained earnings of $230 million. Revenues during the year were $490 million,

Question:

Roam began 2016 with retained earnings of $230 million. Revenues during the year were $490 million, and expenses totaled $340 million. Roam declared dividends of $54 million. What was the company's ending balance of retained earnings? To answer this question, prepare Roam's statement of retained earnings for the year ended December 31, 2016, complete with its proper heading.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...