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Mr . Husker's Tuxedos Corporation began the year with $ 2 7 0 million in retained earnings. The firm earned net income of $ 4

Mr. Husker's Tuxedos Corporation began the year with $270 million in retained earnings. The firm earned net income of $40 million and paid dividends of $7 million to its preferred stockholders and $10 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.)
Retained earnings
million
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