Midyear on July 31st, the Chester Corporation’s balance sheet reported:

Midyear on July 31st, the Chester Corporation’s balance sheet reported: Total Liabilities of $25.439 million Cash of $2.010 million Total Assets of $40.623 million Total Common Stock of $1.270 million. What were the Chester Corporation’s retained earnings?

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•  $13.914 million

•  $16.454 million

•  $15.924 million

•  $18.464 million