Question 24 (3 points) The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31. Common Stock - $5 par, 60,000 shares issued $330,000 Paid In Capital in Excess of ParCommon Stock 630,000 Preferred Stock $100 par, 5,000 shares issued 590,000 Paid-In Capital in Excess of ParPreferred 170,000 Retained Earnings 220,000 Treasury Stock (cost - $10 per share) 150,000 If net income for the year was $120,000 and a preferred stock dividend of $30,000 was paid, what was the beginning value of retained earnings? Your