Connect Assignment 2 BA7020 Question 12 (of 24) value 10.00 points Shelton, Inc., has sales of $407,000, costs of $195,000, depreciation expense of $60,000, interest expense of $41,000, and a tax rate of 30 percent. (Do not round intermediate calculations.) What is the net income for the firm? Net income Suppose the company paid out $50.000 in cash dividends. What is the addition to retained earnings? Addition to retained earnings Hints References eBook & Resources