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

Midyear on July 31st, the Digby Corporation’s balance sheet reported: Total Liabilities of $25.487 million Cash of $2.010 million Total Assets of $40.680 million Total Common Stock of $1.270 million. What were the Digby Corporation’s retained earnings?

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•  $13.923 million

•  $16.463 million

•  $15.933 million

•  $18.473 million