Question 1 (5 points) The following is an incomplete statement of common shareholders equity (in millions of dollars).

Balance, December 31, 2014 760 Net income ? Common dividends ? Issue of common stock 102 Unrealized gain on available-for-sale securities 8 Foreign currency translation loss (6) Balance, December 31, 2015 963

The firm has no net debt (a pure equity firm) and reported an after-tax operating profit margin of 12 % on sales of $912 million in its income statement for 2015. All operating expenses in the income statement are involved in generating core income. Calculate the following for 2015: (a) Net income and comprehensive income [1.5+1.5] (b) Dividends paid to common shareholders [2]