On January 1, 2019 Miller Corporation had retained earnings of $8,000,000. During 2019, Miller reported net income of $1,500,000, declared dividends of $500,000, and had revenues of for $10,000,000. What were Miller's retained earnings on December 31, 2019? A) $9,000,000 B) $9,500,000 C) $17,500,000 D) $7,500,000
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