Compute the Missing Amount Affecting Retained Earnings for Year 2

Short Answer

Compute the missing amount affecting retained earnings for Year 2 in each of the five independent cases that follow.Amounts shown are in millions.
$\begin{array}{llllllr}&\text { CASE A } & \text { CASE B } & \text { CASE C } & \text { CASE D } & \text { CASE E }\\\text { Retained earnings, Dec. 31, } \text { Year 1 } & \$ 95 & \text { B } & \$ 75 & \$ 87 & \$ 175 \\\text { Net income } & 30 & \$ 450 & 45 & \mathbf{D} & (50) \\\text { Dividends declared and paid } & 10 & 120 & \mathbf{C} & 35 & \text { E } \\\text { Retained earnings, Dec. 31, } \text { Year 2 } & \mathbf{A} & 670 & 60 & 105 & 75\end{array}$