Question: Use the following information to construct an income statement. Interest Expense $302,056 Sales Cost of Goods Sold $4,106,037 Depreciation Expense $19,877,964 $371,235 Other Operating

Use the following information to construct an income statement. Interest Expense $302,056 Sales Cost of Goods Sold $4,106,037 Depreciation Expense $19,877,964 $371,235 Other Operating $1,856,189 Flat Tax Rate 21% Expenses If the firm distributed $1,105,308 in dividends, how much did it contribute to Retained Earnings? (round to the nearest $1)

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