What is the addition to retained earnings

Reference no: EM13302112

Lifeline, Inc., has sales of $586,000, costs of $272,000, depreciation expense of $70,500, interest expense of $37,500, and a tax rate of 40 percent. The firm paid out $36,500 in cash dividends.

Required:

What is the addition to retained earnings?

Reference no: EM13302112

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