ABC Company is a U.S. subsidiary that operates in the UK where the functional currency is the British Pound (£). ABC's income statement shows £500 of net income and a £150 dividend that was paid on October 31 when the exchange rate was $1.70 per £. The current exchange rate is $1.80 per £, and the average rate is $1.55 per £. What is the change in retained earnings for the period in U.S dollars? I​