21) FAHE, Inc is a national freight company. Last year the firm had $8,000,000 in revenue, with cost of goods sold totaling $3,500,000. The firm had general (cash) operating expenses were $2,800,000 and it recognized a depreciation expense of $900,000. It paid $225,000 in interest expenses on its outstanding debt. FAHE owns 82% of Royal Corporation's oubstanding shares and received $140,000 in dividend income from that corporation. FAHE paid $300,000 in dividends to its shareholders. Using the information above what was FAHE Gross Profit Margin? A). 6% B) 56% C) 24% D) 34% 22) Using the information above, and the tax table below, What was PAHE's tax liability? A) $214,200 B) $190,400 C) $178,500 D) $226,100 23) Using the information above, what is FAHE's Net Income? A) $438,900 B) $474,600 C) $486,500 D) $156,500 24) Using the information above, what was FAHE's Net Profit Margin? A) 18% B) 5% C) 10% D) 6% 25) Using the information above, how much did FAHE contribute to Retained Earnings? A) $284,100 B) $138,900 C) $186,500 D) $300,000