egin{tabular}{lr} Income Statement for year Ending December & 31,2019 \ hline (amounts in millions) & \ Sales & ( $ 340.0 ) \ Less: Cost of Goods Sold & ( underline{175.0} ) \ Gross Margin & ( $ 165.0 ) \ Less: Operating Expenses & ( underline{75.0} ) \ Operating Income & ( $ 90.0 ) \ Less: Interest Expenses & ( underline{12.0} ) \ Income Before Taxes & ( $ 78.0 ) \ Less: Tax Expense & ( underline{15.6} ) \ Net Income & ( $ underline{62.4} ) \ hline end{tabular} Charhofe began 2019 with ( $ 70 ) million in retained earnings. In 2019 , they paid out a special dividend totaling ( $ 90 ) million. What is the retained earnings balance as of December 31, 2019? ( -$ 20 ) million ( $ 42.4 ) million ( $ 97.6 ) million ( $ 132.4 ) million
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