1.Mr. Husker’s Tuxedos Corp. began the year 2018 with $288 million in retained earnings. The firm earned net income of $49 million in 2018 and paid dividends of $4 million to its preferred stockholders and $19 million to its common stockholders.
What is the year-end 2018 balance in retained earnings for Mr. Husker’s Tuxedos?
Retained earnings= million.
