The addition to retained earnings

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Reference no: EM131622023

Green Grass, Inc., has sales of $589,000, costs of $255,000, depreciation expense of $40,000, interest expense of $18,000, and a tax rate of 32 percent. (Do not include the dollar sign ($).)

If the firm paid out $49,000 in cash dividends, the addition to retained earnings is $ _____ .

Reference no: EM131622023

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