Upton Industries has revenues of $42,629, interest expense of $1,230, depreciation of $2,609, cost of goods sold of $23,704, dividends paid of $1,200, and administrative expenses of $7,040. Assume the tax rate is 22 percent. What is the addition to retained earnings?
A) $5,075.88
B) $4,630.19
C) $3,766.67
D) $4,903.18
E) $5,230.04
A) $5,075.88
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