What is the net income for the firm

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Shelton, Inc., has sales of $394,000, costs of $182,000, depreciation expense of $47,000, interest expense of $28,000, and a tax rate of 30 percent. (Do not round intermediate calculations.)

What is the net income for the firm?

Suppose the company paid out $37,000 in cash dividends. What is the addition to retained earnings?

Reference no: EM131101132

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