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ABC, Inc., had the following operating results for the past year: sales = $22,676; depreciation = $1440; interest expense = $1160; costs = $16,555. The

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ABC, Inc., had the following operating results for the past year: sales = $22,676; depreciation = $1440; interest expense = $1160; costs = $16,555. The tax rate for the year was 38 percent. If the dividend payout ratio is 30%, calculate the Dividends paid and the Retained earnings. A. 1435 and 3348 B. 1488 and 3472 C. 655 and 1528 D. 922 and 2152 E. 1836 and 4284 OA B o C o OE

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