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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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