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Booth Co had made an operating profit of $219000 for the year ended 30 June 2012. The company has had 200,000 12% loan notes of $1 each throughout the year. Company tax has been estimated at $92000 for the year. The directors do not wish to propose a dividend, but $23000 is to be transferred to a plant replacement reserve. What is the retained profit for the year ended 30 June 2012? ________ |