Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period 2006–2015. Volunteers began operations in 2007.

Exercise 3-15 Calculate the balance of retained earnings (LO5)

Below are the restated amounts of net income and retained earnings for Volunteers Inc. and Raiders Inc. for the period  2006–2015. Volunteers began operations in 2007.

Required:

Calculate the balance of retained earnings each year for each company. Neither company paid dividends during this time. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)