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Max Farm, Inc., has sales of $870,000, costs of $530,000, depreciation expense of $68,000, interest expense of $21,000, a tax rate of 21 percent, and

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Max Farm, Inc., has sales of $870,000, costs of $530,000, depreciation expense of $68,000, interest expense of $21,000, a tax rate of 21 percent, and paid out $31,000 in cash dividends. What is the addition to retained earnings? $8,100 $200 $160,100 $167,290

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