Statement of Retained Earnings Z, Corp. began the year 2008 with $2.9 million in retained earnings. The firm earned net income of $8 million in 2008...

Statement of Retained Earnings Z, Corp. began the year 2008 with $2.9 million in retained earnings. The firm earned net income of $8 million in 2008 and paid $2.81 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Z?

 A. $2.29 million

B. $13.71 million

C. $8.09 million

D. $10.9 million