What is addition to retained earnings-net income for firm

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Reference no: EM131185352

Shelton, Inc., has sales of $390,000, costs of $178,000, depreciation expense of $43,000, interest expense of $24,000, 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 $33,000 in cash dividends.

What is the addition to retained earnings? ___________________________

Reference no: EM131185352

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