Define the retained earnings

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Reference no: EM131558632

Mr. Husker’s Tuxedos Corp. began the year 2015 with $288 million in retained earnings. The firm earned net income of $49 million in 2015 and paid dividends of $4 million to its preferred stockholders and $19 million to its common stockholders.

What is the year-end 2015 balance in retained earnings for Mr. Husker’s Tuxedos? (Enter your answer in millions of dollars.)

Retained earnings $

Reference no: EM131558632

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