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Beach Front industries has sales of $540,000, costs ot $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 23 percent.

Beach Front industries has sales of $540,000, costs ot $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 23 percent. The firm pald $59,000 in cash divldends. What is the addition to retained earnings

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