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Acme Corp. filed articles of incorporation in which 50,000 shares of $5 par common stock were authorized. Since then, 42,478 shares have been issued and

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Acme Corp. filed articles of incorporation in which 50,000 shares of $5 par common stock were authorized. Since then, 42,478 shares have been issued and 4,932 shares were repurchased as treasury stock. The Retained Earnings balance as of December 31,205 is $263,377. On January 1 , 206, Acme's board of directors declared a $3.6 dividend to all outstanding shares. What is the balance of Retained Earnings after giving effect to the dividend? Round to the nearest dollar

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