Milo Inc. had the following account balances as of 12/31/2020 before closing entries were made (assume all accounts have normal debit or credit balances): Cash $308 Common Stock $175 Accumulated Depreciation 60 Retained Earnings at 1/1/2020] 200 Wages Expense 15 Sales 150 Rent Revenue 20 Machinery Cost of Goods Sold 48 Interest Expense Depreciation Expense 8|Dividends Declared Unearned Revenue 49 Prepaid Insurance Utilities Expense 6 Loss on sale of land What was the 12/31/2020 Retained Earnings balance after making all closing entries