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Mr . Husker s Tuxedos Corp. began the year 2 0 2 1 with $ 2 5 2 million in retained earnings. The firm earned

Mr. Huskers Tuxedos Corp. began the year 2021 with $252 million in retained earnings. The firm earned net income of $31 million in 2021 and paid dividends of $5 million to its preferred stockholders and $12 million to its common stockholders.
What is the year-end 2021 balance in retained earnings for Mr. Huskers Tuxedos?

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