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Question 11 2 pts In 2017, MECCS Inc, had earnings before interest and taxes (EBIT) of $3,063,000; depreciation expense of $200,000; sales of $6,182,000; interest

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Question 11 2 pts In 2017, MECCS Inc, had earnings before interest and taxes (EBIT) of $3,063,000; depreciation expense of $200,000; sales of $6,182,000; interest expense of $410,000 and tax rate of 34 percent. If MECCS paid out $1,136,740 in cash dividends, how much did MECCS add to retained earnings in 2017? $614,240 $519,200 $892,370 $1,655,940 O $1,750,980

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