11. Smashed Pumpkins Co. paid $232 in dividends and $652 in interest over the past year. The company increased retained earnings by $546 and had accounts payable of $738. Sales for the year were $16,685 and depreciation was $768. The tax rate was 40 percent. What was the company's EBIT? A. $1,297 B. $2,220 C. $1,949 D. $6,674 E. $1,562