Shelton, Inc., has sales of $405,000, costs of $193,000, depreciation expense of $58,000, interest expense of $39,000, and a tax rate of 40 percent. (Do not round intermediate calculations.)
What is the net income for the firm?
Net income $
Suppose the company paid out $48,000 in cash dividends. What is the addition to retained earnings?
Addition to retained earnings