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Mr. Husker's Tuxedos Corp. began the year 2021 with $256 million in retained earnings. The firm earned net income of $33 million in 2021 and
Mr. Husker's Tuxedos Corp. began the year 2021 with $256 million in retained earnings. The firm earned net income of $33 million in 2021 and paid dividends of $5 million to its preferred stockholders and $10 million to its common stockholders.
What is the year-end 2021 balance in retained earnings for Mr. Husker's Tuxedos
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