## Shelton, Inc., has sales of \$392,000, costs of \$180,000, depreciation expense of \$45,000, interest expense of \$26,000, and a tax rate of 35 percent?

 Shelton, Inc., has sales of \$392,000, costs of \$180,000, depreciation expense of \$45,000, interest expense of \$26,000, and a tax rate of 35 percent?  then, suppose the company paid out \$35,000 in cash dividends.  what is the addition to retained earnings?

Sales

Costs

Depreciation

Interest Expense =

=

=

= Less: Tax = Less: Dividends

Addition to retained earnings = 392000

-180000

-45000

-26000

141000

-49350

91650

-35000

56650

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This question was answered on: Oct 15, 2019

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