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Green Grass, Inc., has sales of $635,000, costs of $236,000, depreciation expense of $25,000, interest expense of $17,000, and a tax rate of 32 percent.
Green Grass, Inc., has sales of $635,000, costs of $236,000, depreciation expense of $25,000, interest expense of $17,000, and a tax rate of 32 percent. (Do not include the dollar sign ($).) If the firm paid out $55,000 in cash dividends, the addition to retained earnings is $ _____ .
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