2: Financial Statements, Taxes, and Cash Flow (Part II, Balance Sheet... Problem 2-3 Dividends and Retained Earnings [LO1] Griffin's Goat Farm, Inc., has sales of $676,000, costs of $338,000, depreciation expense of $82,000, interest expense of $51,000, a tax rate of 24 percent, and paid out $42,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings ht int rences nc raw