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Consider the following statement of comprehensive income for the Dartmoor Corporation: DARTMOOR CORPORATION Statement of Comprehensive Income Sales Costs Taxable income Taxes (358) Net income

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Consider the following statement of comprehensive income for the Dartmoor Corporation: DARTMOOR CORPORATION Statement of Comprehensive Income Sales Costs Taxable income Taxes (358) Net income Dividends $2,500 Addition to retained earnings 7, 705 $ 47,000 31,300 $15, 700 5,495 $10,205 A 20% growth rate in sales is projected. Prepare a pro forma statement of comprehensive income assuming costs vary with sales and the dividend payout ratio is constant. (Do not round intermediate calculations. Input all amounts as positive values. Omit $ sign in your response.) DARTMOOR CORPORATION Pro Forma Statement of Comprehensive Income Sales $ Costs Taxable income Taxes $ Net income $ What is the projected addition to retained earnings? (Omit $ sign in your response.) Retained earnings

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