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Mr . Husker s Tuxedos Corporation began the year with $ 2 6 0 million in retained earnings. The firm earned net income of $

Mr. Huskers Tuxedos Corporation began the year with $260 million in retained earnings. The firm earned net income of $35 million and paid dividends of $9 million to its preferred stockholders and $16 million to its common stockholders.
What is the year-end balance in retained earnings for Mr. Huskers Tuxedos?
Note: Enter your answer in millions of dollars. (i.e., Enter 10,000,000 as 10.)

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