When the 2018 year began, senatobia furniture’s shareholders’ equity included the following: - ($ in millions) 6 million shares of $1 par common stock $ 6 paid-in capital – excess of par 114 1 million shares of $100 par, 9% cumulative, non-participating preferred stock 100 retained earnings $ 140 the company earned $48 million during 2018. at the end of the year, the board of directors declared and paid the contracted amount of preferred dividends as well as $3 per share to common shareholders. no dividends had been declared or paid during 2017. on january 5, the company distributed a 3 for 2 common stock split effected in the form of a stock dividend. what is the balance in retained earnings to be reported on the 2018 balance sheet?