Papa Roach Exterminators, Inc., has sales of $719,000, costs of $355,000, depreciation expense of $47,000, interest expense of $27,000, and a tax rate of 35 percent. If the firm paid out $78,000 in cash dividends. What is the addition to retained earnings?

Multiple Choice

• $184,500

• $110,500

• $157,500

• $137,500

• $99,450