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Chapter 2: Billys Exterminators, Inc., has sales of $589,000, costs of $278,000, depreciation expense of $30,000, interest expense of $25,000, a tax rate of 35

Chapter 2:

Billys Exterminators, Inc., has sales of $589,000, costs of $278,000, depreciation expense of $30,000, interest expense of $25,000, a tax rate of 35 percent and paid out $60,000 in cash dividends. What is the addition to retained earnings?

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