Question: The Mitten data is shown as: Dividends = $9,700, Sales = $210,000, Costs = $112,500, Other expenses =$8,500, Depreciation = $2,900, Interest = $9,000, Taxes

The Mitten data is shown as: Dividends = $9,700, Sales = $210,000, Costs = $112,500, Other expenses =$8,500, Depreciation = $2,900, Interest = $9,000, Taxes = 35%. In addition, your company issued $7,000 in new equity and redeemed $9,800 long-term debt. Net fixed assets increased by $40,000.

Solve for :

A. Addition to retained earnings

B. How much net working capital change happened?

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