Required information

Problem $10-4$A $($Algo$)$ Analyze the stockholders' equity

section $($L$010-7)$

$[$The following information applies to the questions displayed below.$]$

The stockholders' equity section of Your Nesting Place is presented

here.

Based on the stockholders' equity section of Your Nesting Place,

answer the following questions.

Problem $10-4$A $($Algo$)$ Part $4$

If retained earnings at the beginning of the period was $$231,000,000$ and

$$11,000,000$ was paid in dividends during the year, what was the net income for the

year?