1). Griffin's Goat Farm, Inc., has sales of $654,000, costs of $275,000, depreciation expense of $40,000, interest expense of $32,000, and a tax rate of 22 percent. What is the net income for this firm?

A. $271,460

B. $311,460

C. $163,120

D. $239,460

E. $279,460

2). Logano Driving Schools 2017 balance sheet showed net fixed assets of $4.2 million, and the 2018 balance sheet showed net fixed assets of $5.9 million. The company's 2018 income statement showed a depreciation expense of $885,000. What was net capital spending for 2018?

A. $2,585,000

B. $-1,700,000

C. $815,000

D. $1,700,000

E. $-815,000

3). The 2017 balance sheet of Dream, Inc., showed current assets of $1,310 and current liabilities of $900. The 2018 balance sheet showed current assets of $1,700 and current liabilities of $1,140. What was the company's 2018 change in net working capital, or NWC?

A. $150

B. $2,190

C. $-630

D. $630

E. $-260