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Dog River Company has an operating.profit of $240,000. Interest expense for the year was $23,000; preferred dividends paid were $29,500; and common dividends paid were

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Dog River Company has an operating.profit of $240,000. Interest expense for the year was $23,000; preferred dividends paid were $29,500; and common dividends paid were $60,000. The tax was $51,800. The Dog River Company has 40,000 shares of common stock outstanding. What was the increase in retained earnings for the year? What is the earnings available to common shareholders

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