Pfizer Inc

Multiple Choice

Pfizer Inc., a pharmaceutical company, reported net income for fiscal 2016 of $7,215 million, retained earnings at the start of the year of $71,993 million and dividends of $7,448 million, and other transactions with shareholders that increased retained earnings during the year by $14 million.
If there were no additional transactions during the year that affected retained earnings, what was the balance of retained earnings at the end of the year?

A) $ 71,774 million
B) $ 38,748 million
C) $ 124,926 million
D) $ 47,729 million
E) There is not enough information to calculate the amount.