Matsumara Fishworks has the following Income statement and balance sheet for 1957. The firm paid out 50% of it's Net Income as Dividends. What is the firms Cash Flow to Equity Holders?

(Round to nearest penny and do not enter commas, e.g. 1234.56)

1957 Income Statement

Revenue	212296
Costs	23517
Depreciation	17109
Ebit
Interest Expense	8572
Taxable Income
Tax Expense @ 22%
Net Income

1957 Balance Sheet

Year	1956	1957		1956	1957
Current Assets	18176	17835	Current Liabilities	15286	14416
Fixed Assets	152356	159629	Long-Term Debt	137143	150754
			Common Stock	36713	30617

Moe's Tavern has current assets of $8468, fixed assets of $19018, current liabilities of $5178, and long-term debt of $10497. What is the value of Moe's Owners Equity? (Round to nearest penny and do not enter commas, e.g. 1234.56)

Answer: