Dawson Corporation Has the Following Information Available for 2014 Based on This Information, What Is Dawson's Retained Earnings Balance

Multiple Choice

Dawson Corporation has the following information available for 2014: $$\begin{array} { | l | c | } \hline & \text { (in millions) } \\\hline \text { Issued common stock } & \$ 45 \\\hline \text { Retired common stock } & \$ 65 \\\hline \text { Paid dividends } & \$ 75 \\\hline \text { Net income } & \$ 130 \\\hline \text { Beginning Common Stock balance } & \$ 625 \\\hline \text { Beginning Retained Earnings balance } & \$ 475 \\\hline\end{array}$$ Based on this information, what is Dawson's Retained Earnings balance at the end of the year?

A) $680
B) $530
C) $420
D) $605