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2. Charlies Tuna has sales of $99,300 and costs of $81,200. The depreciation expense is $7,500. Interest paid equals $6,100 and dividends paid equal $2,625.
2. Charlies Tuna has sales of $99,300 and costs of $81,200. The depreciation expense is $7,500. Interest paid equals $6,100 and dividends paid equal $2,625. The tax rate is 35%. What is the amount of the addition to retained earnings?
a. $300
b. $2,295
c. $825
d. $2,100
e. $525
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