What is year-end balance in retained earnings

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Reference no: EM131813099

Statement of Retained Earnings

Mr. Husker’s Tuxedos Corp. began the year 2018 with $272 million in retained earnings. The firm earned net income of $41 million in 2018 and paid dividends of $8 million to its preferred stockholders and $11 million to its common stockholders.

What is the year-end 2018 balance in retained earnings for Mr. Husker’s Tuxedos? (Enter your answer in millions of dollars.)

Reference no: EM131813099

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