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UTT Co . shows the following information on its 2 0 1 9 income statement: sales = $ 1 6 2 , 5 0 0

UTT Co. shows the following information on its 2019 income statement: sales =$162,500;
costs =$80,000; other expenses =$3,300; depreciation expense =$9,000; interest expense
=$6,500; taxes =$22,295; dividends =$8,150. In addition, you're told that the firm issued
$4,500 in new equity during 2019 and redeemed $7,700 in outstanding long-term debt.
What is the addition to retained earnings?
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