What is the year-end balance in retained earnings for husker, Financial Accounting

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What is the year-end balance in retained earnings for husker

Problem

Mr. Husker's Tuxedos, Corporation began the year 2018 with $205 million in retained earnings. The firm earned net income of $30 million in 2018 and paid $5 million to its preferred stockholders and $12 million to its common stockholders. What is the year-end 2018 balance in retained earnings for Mr. Husker's Tuxedos?

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Financial Accounting: What is the year-end balance in retained earnings for husker

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Financial Accounting: What is the year-end balance in retained earnings for husker

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