Cost of goods sold: $175,000   Investment income: $2,800   Net sales: $297,000   Operating expense: $42,000   Interest expense: $7,400   Dividends: $10,000   Tax rate: 21 %     What are retained earnings for the year? (Input all amounts as positive values.)

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Q: The income statement for Forklift Electrical Ltd for two years are shown below: Forklift Electrical…

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Q: The income statement for Forklift Electrical Ltd for two years are shown below: Forklift Electrical…

A: Hi student Since there are multiple subparts, we will answer only first three subparts

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Q: The income statement for Forklift Electrical Ltd for two years are shown below:…

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