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The Kimmy Smith Corporation has the following items: Sales, $ 6 1 , 4 0 0 ; Cost of Goods Sold, $ 3 6 ,

The Kimmy Smith Corporation has the following items: Sales, $61,400; Cost of Goods Sold, $36,720; Interest Expenses $1,640; Salaries $3,860; Depreciation, $1,420; Advertisements, $1,970; Dividend Payment, $3,140; and the firm has the tax rate of 25%. What is the firm's retained earnings?

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