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FrozzbozCo International has the following Income statement for 2012. What is the firms Retained Earnings if they pay out 0.30 of their Net Income as

FrozzbozCo International has the following Income statement for 2012. What is the firms Retained Earnings if they pay out 0.30 of their Net Income as Dividends? (Round to nearest penny and do not enter commas, e.g. 1234.56)

2012 Income Statement
Revenue 195340
Costs 88039
Depreciation 16044
Ebit
Interest Expense 14624
Taxable Income
Tax Expense @ 22%
Net Income

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