XYZ Corporation has provided its Statement of Changes in Equity for the fiscal year ending December 31, 2023. The following movements were reported:

- Opening Retained Earnings: $200,000

- Net Income for the Year: $50,000

- Dividends Declared: $10,000

- Share Buybacks: $15,000

- Other Comprehensive Income: $5,000

Based on this information, what is the closing balance of Retained Earnings for XYZ Corporation at year-end?