Shelton, Inc., has sales of $393,000, costs of $181,000, depreciation expense of $46,000, interest expense of $27,000, and a tax rate of 30 percent. (Do not round intermediate calculations.)
What is the net income for the firm?
Net income $
Suppose the company paid out $36,000 in cash dividends. What is the addition to retained earnings?
Addition to retained earnings $