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Calculate the change in Retained Earnings given the following information:Gross Margin % = 2 0 % Revenue = $ 1 0 , 0 0 0

Calculate the change in Retained Earnings given the following information:Gross Margin

% = 20 %

Revenue

=

10, 000

G&A expense

=

1, 000

Federal Income Tax

= 40 %

of Net Income before TaxPaid Dividends of

50 %

Net IncomeAdditional Information: Company has an asset that is has yearly depreciation expense of $

200 .

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