4 & 5

4. Income Statement. A firm's income statement included the following data. The firm's average tax rate was 20%. ( LO31) a. What was the firm's net income? b. What must have been the firm's revenues? c. What was EBIT? 5. Balance Sheet/Income Statement. The year-end 2021 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $1,100,000 and retained earnings at $3,400,000. The next year, retained earnings were listed at $3,700,000. The firm's net income in 2022 was $900,000. There were no stock repurchases during the year. What were the dividends paid by the firm in 2022 ? ( (1) LO31)