What is the addition to retained earnings

Reference no: EM131419669

Building an Income Statement Tyler, Inc., has sales of $753,000, costs of $308,000, depreciation expense of $46,000, interest expense of $21,500, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out $67,000 in cash dividends. What is the addition to retained earnings?

Reference no: EM131419669

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