AAA, Inc. has$4,000,000 insales, with cost of goods sold of$2,800,000, operating expenses of$500,000. It's interest expense is$220,000,
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AAA, Inc. has$4,000,000 insales, with cost of goods sold of$2,800,000, operating expenses of$500,000. It's interest expense is$220,000, and with a corporate tax rate of40%. The company distributed preferred stock dividends of$40,000, and paid$60,000 dividend to its common stockholders. What was its addition to retainedearnings?
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