Mr. Husker’s Tuxedos, Corp. began the year 2015 with $256 million in retained earnings. The firm earned net income of $33 million in 2015 and paid dividends of $5 million to its preferred stockholders and $10 million to its common stockholders. What is the year-end 2015 balance in retained earnings for Mr. Husker’s Tuxedos?
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