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Addition to retained earnings

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Shelton, Inc., has sales of $398,000, costs of $186,000, depreciation expense of $51,000, interest expense of $32,000, and a tax rate of 40 percent. (Do not round intermediate calculations.)

What is the net income for the firm?

Suppose the company paid out $41,000 in cash dividends. What is the addition to retained earnings?

Reference no: EM131113972

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