Jamaica Tours, Inc., started the year with a balance of retainedearnings of $1,740 million. The company reported net income for theyear of $288 million, paid dividends of $14 million to...

Jamaica Tours, Inc., started the year with a balance of retained earnings of $1,740 million. The company reported net income for the year of $288 million, paid dividends of $14 million to the preferred stockholders and $54 million to common stockholders.