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QUESTION
Sales $100,000 Cost of Goods Sold $55,000 Depreciation $6,000 Dividend paid $6,000 Retained Earnings Added $18,000 Total Assets $85,000 Equity
Sales $100,000 Cost of Goods Sold $55,000 Depreciation $6,000 Dividend paid $6,000 Retained Earnings Added $18,000 Total Assets $85,000 Equity $45,000 Selling, General and Administrative costs $0 Tax Rate 35%
