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1 4 pts Assuming sales growth of 37% this coming year, what is the projected addition to retained earnings (change in retained earnings) at the

1 4 pts Assuming sales growth of 37% this coming year, what is the projected addition to retained earnings (change in retained earnings) at the end of this coming year? (round answer to nearest dollar) Income Statement Last Year Balance Sheet End of Last Year Sales $18,974,899 Assets Liabilities & Equity Cost of Goods 6,994,257 Cash $4,563,425 A/P $20,920,267 S&A Expense 1,515,356 Marketable Securities 11,891,651 Notes Payable 5,870,867 Depreciation Expense 2,103,063 A/R 3,833,305 Accrued Expense Interest Expense 1,812,108 Taxes (35%) ????? Inventory 31,287,339 Prepaid Expenses 4,277,513. 5,120,619 Bonds Payable 23,511,068 Common Stock 4,510,491 Plant and Net Income $???????? 31,767,014 CIEP/APIC 8,035,596 Equipment Common Stock $410,678 Total Assets $???????? Retained Earnings ???????? Dividend Total L&E $

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