A company currently has sales of $903,930, a tax rate of 40%, a dividend payout ratio of 48%, and expenses excluding taxes of $768,170. What is the anticipated increase to retained earnings if sales are expected to increase by 10.50%, and expenses excl. taxes are proportional to sales?

Question options:

	$42,124
	$43,294
	$44,464
	$45,635
	$46,805