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What is the net income for the firm

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Reference no: EM131152419

Shelton, Inc., has sales of $400,000, costs of $188,000, depreciation expense of $53,000, interest expense of $34,000, and a tax rate of 35 percent. (Do not round intermediate calculations.)

What is the net income for the firm?

Suppose the company paid out $43,000 in cash dividends. What is the addition to retained earnings?

Reference no: EM131152419

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