Question: Fenster, Inc. has sales of $724,000, costs of $205,000, depreciation expense of $51,000, interest expense of $20,000, and a tax rate of 30 percent. If

Fenster, Inc. has sales of $724,000, costs of $205,000, depreciation expense of $51,000, interest expense of $20,000, and a tax rate of 30 percent. If the firm paid out $73,000 in cash dividends. What is the addition to retained earnings?

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