Last year a firm had sales of $400,000, costs of $300,000, and paid out $20,000 in dividends. On the pro forma income statement, sales and costs are projected to be $425,000 and $315,000 respectively. With a constant dividend payout policy, what should additions to retained earnings be on the pro forma income statement? $85,000 $90,000 $22,000 $88,000 $84,000