(Answered) Shelton inc has sales of 393000 costs of 181000

Finance

Shelton, Inc., has sales of $393,000, costs of $181,000, depreciation expense of $46,000, interest expense of $27,000, and a tax rate of 30 percent. (Do not round intermediate calculations.)

What is the net income for the firm?

Net income $

Suppose the company paid out $36,000 in cash dividends. What is the addition to retained earnings?

Addition to retained earnings $

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