These are the simplified financial statements for Doctorow inc

Income statement. current. Projected Sales. na. 20,000 Costs. na. 10,000 Profit before tax. na. 10,000 Taxes. na. 4,000 Net income. na. 6,000 Dividends. na. 1,200

Balance sheets. Current Projected.

Dividends na 1,200 Balance sheets Current Projected Current Projected Current assets 1,000 1,215 Current liabilities 700 800 Net fixed assets 10,050 Long-term debt 9,800 4000 Common stock 3000 Retained earnings 1,200 What is Doctorow's projected total retained earnings