At the end of the year a company showed the following information in its financial reports:Current Assets $$700,000$; Non$-$current Assets $$240,000$; Total Liabilities $$320,000$;Share Capital $$210,000$; Profit for the year $$150,000$; Dividends declared and paid during the year$$50,000.$What was the balance of retained profits at the start of the year?