The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31. Common Stock - $5 par, 60,000 shares issued $350,000 Paid-In Capital in Excess of Par-Common Stock 660,000 Preferred Stock - $100 par, 5,000 shares issued 530,000 Paid-In Capital in Excess of Par-Preferred 110,000 Retained Earnings 260,000 Treasury Stock (cost $10 per share) 160,000 If net income for the year was $140,000 and a preferred stock dividend of $30,000 was paid, what was the beginning value of retained earnings? Your Anaw