Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share.

Common stock, $5 par, 100,000 shares authorized,
40,000 shares issued	$ 200,000
Paid in capital in excess of par-common	120,000
Retained earnings	290,000
Total stockholders' equity	610,000

What would be the balance of retained earnings after the 10% common stock dividend?