Chevelle,Inc.has sales of $487,000 and costs of $394,500.The depreciation expense is $43,800.Interest paid equals $18,200 and dividends paid equal $6,500.The tax rate is 35 percent.What is the addition to retained earnings?
A) $10,775
B) $11,460
C) $13,120
D) $13,325
E) $15,450
Correct Answer:
Verified
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