Shelton, Inc., has sales of $401,000, costs of $189,000, depreciation expense of $54,000, interest expense of $35,000, 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 $44,000 in cash dividends. What is the addition to retained earnings?
Addition to retained earnings $