Help Saved Submit Save & Exit REQUIRED: Homework Chapter 3 i 1 Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2009-2018. Volunteers began operations in 2010, 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 (i.e., 10,000,000 should be entered as 10).) 10 points eBook References Year 2009 VOLUNTEERS INC. RAIDERS INC. ($ in millions) ($ in millions) Net Retained Net Retained Income (Loss) Earnings Income (Loss) Earnings $ 0 $ 26 S 11 21 (52) (7) 52 2010 2011 2012 32 54 126 93 21 2013 2014 2015 2016 2017 126 (51) (140) 568 350 65 101 153 2018 351