With the information provided and assume a tax rate of 40%, the firms change in retained earnings is closest to Accounts Receivable $5,000 Sales 100,000 Depreciation Expense 4,000 Cost of goods sold 40,000 Interest expense 5,000 Administrative Expenses 30,000 Dividends Paid 10,000

Group of answer choices

$2,300

$2,200

$2,600

$2,400