InstaChat Company, a legal and accounting services provider, began on January 1,20X1 when stockholders contributed $200,000 cash in exchange for common stock. During its first year of operations, the company earned net income of $70,000 and paid a $10,000 dividend. During the second year, the company earned net income of $90,000 and paid a $20,000 dividend. What is reported on the company's balance sheet as the total retained earnings at the end of Year Two? Do not include commas, dollar signs or text