Question: In 2020, tandoori corporation reported profits of $220 and paid a $60 dividend. Tandoori December 31 ,2019 statement of financial position reported the following items:

In 2020, tandoori corporation reported profits of $220 and paid a $60 dividend. Tandoori December 31 ,2019 statement of financial position reported the following items: common stock= $220, capital surplus=$180, retained earings= $310.

What is the value of the retained earnings account for the December 31, 2020 on the company's balance sheet?

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