Statement of Retained Earnings Mr. Husker's Tuxedos Corp. began the year 2012 with $256 million in retained earnings. The firm earned net income of $33 million in 2012 and paid dividends of $5 million to its pre- ferred stockholders and $10 million to its common stockholders. What is the year-end 2012 balance in retained earnings for Mr. Husker's Tuxedos? (LG1)