The Torre Company has the following stockholders' equity account balances in stockholders equity on December 31.

Common Stock $5 par, 60,000 shares issued	$380,000
Paid-In Capital in Excess of ParCommon Stock	600,000
Preferred Stock $100 par, 5,000 shares issued	550,000
Paid-In Capital in Excess of ParPreferred	120,000
Retained Earnings	200,000
Treasury Stock (cost $10 per share)	90,000

If net income for the year was $85,000 and a preferred stock dividend of $35,000 was paid, what was the beginning value of retained earnings?