Last year a firm had sales of $300,000, costs of $250,000, and paid out $8,000 in dividends. On the pro forma income statement, sales and costs are projected to be $350,000 and $270,000 respectively. With a constant dividend payout policy, what should additions to retained earnings be on the pro forma income statement? $45.360 $49.000 $67.200 $12.800 $72.000 Last year a firm had sales of $300,000, costs of $250,000, and paid out $8,000 in dividends. On the pro forma income statement, sales and costs are projected to be $350,000 and $270,000 respectively. With a constant dividend payout policy, what should additions to retained earnings be on the pro forma income statement? $45.360 $49.000 $67.200 $12.800 $72.000