Question 3 Not yet answered Saratoga Apparel has the following information for their most recent year end. Also, Saratoga has a tax rate of 30% and pays out 60% of their net income as dividends. Prepare an income statement and determine Saratoga's Addition to Retained Earnings? Points out ol 1.0 Accounts payable 79,834 Notes payable 39,917 Flag question Accounts receivable 297,000 Long-term debt 453,997 Property, plant, and equipment 871,200 Interest expense 100,000 Depreciation expense 150,000 Sales 1,250,000 Cost of goods sold 500,000 Cash 118,800 Inventory 376,200 Common stock 439,085 Retained earnings 650,387 Shares outstanding 100,000 What is the Additions to Retained Earnings? Answers should not include commas (for example, if the answer is 11,275, it should be entered 11275)