In its recent income statement, Smith Software Inc. reported paying $9 million in dividends to common shareholders, and in its year-end balance sheet, Smith reported $365 million of retained earnings. The previous year, its balance sheet showed $361 million of retained earnings. What was the firm's net income during the most recent year? (Answers are in $ millions.) The income statement: summarizes the firms revenues and expenses over an accounting period. reports how much of the firms earnings were retained in the business rather than paid out in dividends. reports the impact of a firms operating, investing, and financing activities on cash flows over an accounting period. states the firms financial position at a specific point in time. Financial intermediaries: act as middlemen to facilitate the issuance of new securities by firms and governments. Bring borrowers and savers together (face-to-face) to facilitate the transfer of funds. facilitate the transfer of funds from savers to demanders of capital a and b b and c