What is the company addition to retained earnings

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Reference no: EM131817844

ETJ had sales of $7 million this past year. Its COGS was $3.5 million and its operating expenses were $950,000. Interest expenses on outstanding debt were $800,000 and the company paid $75,000 in stock dividends. Its tax rate is 30%. What was the company's taxable income and tax liability (taxes paid). What is the company's addition to retained earnings?

Reference no: EM131817844

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