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Griffin's Goat Farm, Inc., has sales of $666,000, costs of $328,000, depreciation expense of $72,000, interest expense of $46,000, a tax rate of 24 percent,

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Griffin's Goat Farm, Inc., has sales of $666,000, costs of $328,000, depreciation expense of $72,000, interest expense of $46,000, a tax rate of 24 percent, and paid out $48,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Addition to retained earnings $ 220,000

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