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Eric's Market has sales of $28,900, net income of $2,750, and a retention ratio of 65...

Eric's Market has sales of $28,900, net income of $2,750, and a retention ratio of 65 percent. Assume the profit margin and the payout ratio are constant and sales increase by 11 percent. What is the pro forma retained earnings if the current retained earnings balance is $3,737?

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