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The embroidery shoppe had beginning retained earnings of

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The Embroidery Shoppe had beginning retained earnings of $18,670. During the year, the company reported sales of $83,490, costs of $68,407, depreciation of $8,200, dividends of $950, and interest paid of $478. The tax rate is 35 %. What is the retained earnings balance at the end of the year?

A. $21,883.25

B. $22,193.95

C. $22,833.24

D. $23,783.24

E. $30,393.95

Reference no: EM13395705

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