Use the financial statements and additional data provided by management to forecast the change to firm's Retained Earnings for the projected year. Sales revenue is expected to increase 150% Additional investment in fixed assets = $2,500 Dividend payout ratio = 26% = Sales 8,000 COGS 5,200 Gross Profit 2,800 SG&A 800 EBIT 2,000 interest 50 EBT 1,950 taxes (40%) 780 Net Income 1,170 Select one: a. $1,310 O b. $1,550 O c. $1,710 O d. $1,770