C Co. reported a retained earnings balance of $200,000 at December 31, 2010. In September 2011, Cs auditors found that the company had recorded insurance premiums of $30,000 that it paid for the three-year period beginning January 1, 2010, as expense in 2010. C has a 30% income tax rate. What amount should C report as adjusted beginning retained earnings in its 2011 statement of retained earnings?