1. On December 31, 2020, the stockholders equity section of Smith, Inc., was as follows:

Common stock, par value $10: authorized 30,000 shares;

issued and outstanding 15,000 shares

Additional paid-in-capital $110,000

Retained earnings 200,000

On September 1, 2021, Smith declared a 30% stock dividend, and accordingly issued additional shares, when the far value of the stock was $18 per share. For the year ended December 31, 2021, Smith sustained a net loss of $50,000. The balance of Smith's retained earnings as of December 31 2021 should be?