1 - Travis, Inc., has sales of $400,000, costs of $188,000, depreciation expense of $53,000, interest expense of $34,000, and a tax rate of 35 percent. (Do not round intermediate calculations.) 5 Dots What is the net income for the firm? 300 Net Income Suppose the company paid out $43.000 in cash dividends. What is the addition to retained earnings? Addition to retained earnings $