Dogs 4 U Corporation has net cash flow from financing activities for the last year of $31 million. The company paid $172 million in dividends last year. During the year, the change in notes payable on the balance sheet was $36 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $305 million.

1. Calculate the beginning-of-year balance for long-term debt. (Enter your answer in millions of dollars.)

Long-term debt $ m