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Mr. Husker's Tuxedos Corporation began the year with $282 million in retained earnings. The firm earned net income of $46 million and paid dividends of

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Mr. Husker's Tuxedos Corporation began the year with $282 million in retained earnings. The firm earned net income of $46 million and paid dividends of $7 million to its preferred stockholders and $16 million to its common stockholders. What is the year-end balance in retained earnings for Mr. Husker's Tuxedos? Note: Enter your answer in millions of dollars. (i.e., Enter 10,000,000 as 10.)

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