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Judd Enterprises   These are the simplified financial statements for Judd Enterprises

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Judd Enterprises  

These are the simplified financial statements for Judd Enterprises.

Income statement Current Projected  

Sales na 1,000  

Costs na    720  

Profit before tax na 280  

Taxes (25%) na     70  

Net income na 210  

Dividends na 63  

Balance sheets Current Projected Current Projected

Current assets 100 115 Current liabilities 70 81

Net fixed assets 900 1,080 Long-term debt 400  

  Common stock 300  

  Retained earnings 230  

Refer to the Judd Enterprises financial statements. What is Judd's projected retained earnings under this plan?