Question: work plz Kenney Corporation recently reported the following income statement for 2004 (numbers are in millions of dollars): Sales Total operating costs EBIT Interest Earnings

work plz

Kenney Corporation recently reported the following income statement for 2004 (numbers are in millions of dollars): Sales Total operating costs EBIT Interest Earnings before tax (EBT) Taxes (30%) Net income available to common shareholders $17,000 8,000 $9,000 400 $8,600 2,580 $6,020 The company forecasts that its sales will increase by 10 percent in 2021 and its operating costs will increase in proportion to sales. The company's interest expense is expected to remain at $400 million, and the tax rate will decrease to 20 percent. The company plans to pay out 60 percent of its net income as dividends. What is the forecasted addition to retained earnings for 2021? ( 2points)

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