Mr. Husker’s Tuxedos Corp. began the year 2015 with $278 million in retained earnings. The firm earned net income of $44 million in 2015 and paid dividends of $5 million to its preferred stockholders and $14 million to its common stockholders.
What is the year-end 2015 balance in retained earnings for Mr. Husker’s Tuxedos? (Enter your answer in millions of dollars.)
Retained earnings $ m