Mr. Huskers Tuxedos Corp. began the year 2015 with $270 million in retained earnings. The firm earned net income of $40 million in 2015 and paid dividends of $7 million to its preferred stockholders and $10 million to its common stockholders. What is the year-end 2015 balance in retained earnings for Mr. Huskers Tuxedos? (Enter your answer in millions of dollars.)

Retained earnings $ m