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Sales 3 8 0 , 0 0 0 Costs 9 0 , 0 0 0 Depreciation expense 3 0 , 0 0 0 Interest expense

Sales

380, 000

Costs

90, 000

Depreciation expense

30, 000

Interest expense

25, 000

Cash dividends

55, 000

Tax rate

21 %

calculate the addition to Retained Earnings for the Period:

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