Bradds, Inc., has sales of $528,600, costs of $264,400, depreciation expense of $41,700, interest expense of $20,700, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out $27,000 in cash dividends. What is the addition to retained earnings?

Sales	$528,600
Costs	$264,400
Depreciation Expense	$41,700
EBIT
Interest Expense	$20,700
EBT
Taxes @ 35%
Net Income =
Cash Dividends	$27,000
Addition to Retained Earnings =
Tax Rate =	35%