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New Town industries 2015 Tax rate 35% 2014 Revenues $42,629 $37,911 Cost of goods sold Interest Dividends Depreciationn Administrative 23.70424,832 1,230 1.584 1,200 600 2,609

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New Town industries 2015 Tax rate 35% 2014 Revenues $42,629 $37,911 Cost of goods sold Interest Dividends Depreciationn Administrative 23.70424,832 1,230 1.584 1,200 600 2,609 2,814 7.040 6.820 expenses Cash Enventory Accounts payable Long-term debt Accounts receivable Common stock Net fixed assets 3,671 2,969 3.968 4.503 2,325 3.760 19,105 25,900 4.601 5.318 22,600 19.800 41,260 42.110 What is the addition to retained earnings for 2015? A. $4,030 B. $4,630 C. $3,700 D. $4,900 E. $5,230 8

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