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Accounts from the Perril Company's Income Statement, including some accounts and from the Perril Company's Balance Sheet, for the year ending December 31, 2021
Accounts from the Perril Company's Income Statement, including some accounts and from the Perril Company's Balance Sheet, for the year ending December 31, 2021 are listed below: Additional paid in capital = $1,810 Beginning inventory = $630 Depreciation = $1,260 Dividends paid = $1,510 Ending inventory = $520 Gross sales $16,730 = Interest expense = $630 Notes payable = $2,560 Operating expenses (excluding depreciation) = $2,560 Purchases $6,650 Returns and allowances $180 Perril Company has a tax rate of 15 percent. Using the data above, compute what Perril Company (a retail clothing store) reported as Addition to Retained Earnings 2021.
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