Smashed Pumpkins Company paid $160 in dividends and $589 in interest over the past year. The company increased retained earnings by $492 and had accounts payable of $630. Sales for the year were $16,370 and depreciation was $732. The tax rate was 21 percent. What was the company's EBIT? Multiple Choice O $1,947 $1,414 $1,087 $1,409

Smashed Pumpkins Company paid \\( \\$ 160 \\) in dividends and \\( \\$ 589 \\) in interest over the past year. The company increased retained earnings by \\( \\$ 492 \\) and had accounts payable of \\( \\$ 630 \\). Sales for the year were \\( \\$ 16,370 \\) and depreciation was \\( \\$ 732 \\). The tax rate was 21 percent. What was the company's EBIT? Multiple Choice \\( \\$ 1,947 \\) \\( \\$ 1,414 \\) \\( \\$ 1,087 \\) \\( \\$ 1,409 \\)