Dave & C Submit 3 ts ipped ferences Exercise 3-15A Calculate the balance of retained earnings (LO3-5) Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2012-2021. Volunteers began operations in 2013, while Raiders began several years earlier. Required: Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (l.e., 10,000,000 should be entered as 10). Amounts to be deducted should be indicated by a minus sign.) VOLUNTEERS INC. ($ in millions) RAIDERS INC. ($ in millions) Net Retained Not Retained Year Income (Loss) Earnings Income (Loss) Earnings 2012 S 0 $ 34 $ 12 2013 $ 11 (62) 2014 (7) 59 2015 22 44 2016 116 83 2017 11 116 2018 (150) (61) 2019 558 55 2020 340 91 2021 341 143