3. Billy's Exterminators, Inc., has net sales of $900,000, net working capital of $300,000, COGS of $400,000, current liabilities of $200,000, depreciation expense of $100,000, interest expense of $40,000, inventory of $100,000. The tax rate of 25 percent. If the dividend payout ratio is 30%, what is the net income and What is addition to retained earnings this year? Check your answer: Addition to retained earnings is $189,000 (30 points) Show your calculation to get full points