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Beach front industries has sales of 546,000 costs of 295,000, deprecation expense of 37000, interest expense of 15000 and a tax rate of 32 percent.

Beach front industries has sales of 546,000 costs of 295,000, deprecation expense of 37000, interest expense of 15000 and a tax rate of 32 percent. The firm paid 59000 in cash dividends. What is the addition to retain earnings?

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