FIN/571 -Shelton, Inc., has sales of $389,000, costs of $177,000

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June 8th, 2024

Shelton, Inc., has sales of $389,000, costs of $177,000, depreciation expense of $42,000, interest expense of $23,000, and a tax rate of 35 percent. (Do not round intermediate calculations.) What is the net income for the firm? Net income$ Suppose the company paid out $32,000 in cash dividends. What is the addition to retained earnings? Addition to retained earnings$

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