2-13. Statement of Retained Earnings Mr. Husker's Tuxedos Corp began the year 2018 with$256 million in retained earnings.The firm earned net income of $33 million in 2018 and paid dividends of $5 million to its preferred stockholders and $10 million to its common stockholders.

What is the year-end 2018 balance in retained earnings for Mr. Husker's Tuxedos? (LG2-1)

(with written explanation/show your work).