Arroyo Industries has revenues of $64,480, interest expense of $1,740, depreciation of $3,960, cost of goods sold of $25,840, dividends paid of $5,200, and administrative expenses of $7,040. The combined federal and state income tax rate is 22 percent. What is the addition to retained eamings? Multiple Choice $18,091 $20,700 $16,359 $15,002 $20,202