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Problem 2 - 1 5 Statement of Retained Earnings ( LG 2 - 1 ) Mr . Husker s Tuxedos Corp. began the year 2

Problem 2-15 Statement of Retained Earnings (LG2-1)
Mr. Huskers Tuxedos Corp. began the year 2021 with $254 million in retained earnings. The firm earned net income of $32 million in 2021 and paid dividends of $6 million to its preferred stockholders and $13 million to its common stockholders.
What is the year-end 2021 balance in retained earnings for Mr. Huskers Tuxedos? (Enter your answer in millions of dollars.)

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