Question: In its recent income statement, Smith Software Inc. reported paying $13 million in dividends to common shareholders, and in its year-end balance sheet, Smith reported

In its recent income statement, Smith Software Inc. reported paying $13 million in dividends to common shareholders, and in its year-end balance sheet, Smith reported $355 million of retained earnings. The previous year, its balance sheet showed $346 million of retained earnings. What was the firm's net income during the most recent year? (Answers are in $ millions.) $13.00 $9.00 $22.00 $7.00 $29.00

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