34-1 California Retailing Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its total operating expenses are $600,000. The firm's interest expense is $250,000, and the corporate tax rate is 21%. The firm paid dividends to preferred stockholders of $40,000, and the firm distributed $60,000 in dividend payments to common stockholders. What is California Retailing's "Addition to Retained Earnings"? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $650,000 b $413,500 $330,000 d $290,000 Unanswered Save