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Griffin's Goat Farm, Inc., has sales of $680,000, costs of $342,000, depreciation expense of $86,000, interest expense of $53,000, a tax rate of 23 percent,

Griffin's Goat Farm, Inc., has sales of $680,000, costs of $342,000, depreciation expense of $86,000, interest expense of $53,000, a tax rate of 23 percent, and paid out $40,000 in cash dividends.

What is the addition to retained earnings? (do not round intermediate calculations)

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