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Moose Industries has sales of $425,000, costs excluding depreciation of $295,000, depreciation expense of $52,000, interest expense of $18,000, and a tax rate of 21%.

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Moose Industries has sales of $425,000, costs excluding depreciation of $295,000, depreciation expense of $52,000, interest expense of $18,000, and a tax rate of 21%. The firm paid $29,000 in cash dividends. What is the addition to retained earnings? [Note: submit you onswer to the nearest USA dollar without the dollar sign]

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