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Addition to retained earnings

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Shelton, Inc., has sales of $401,000, costs of $189,000, depreciation expense of $54,000, interest expense of $35,000, 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 $44,000 in cash dividends. What is the addition to retained earnings?

Addition to retained earnings   $

Reference no: EM131097074

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