Current year sales are $750,000, cost of goods sold is $400,000, and all other expenses total $300,000. If sales are forecasted to increase 10% next year, and all expenses vary proportionally with sales, what is forecasted net income next year?

A company paid dividends of $13,000 this year. If ending retained earnings is $207,000 and beginning retained earnings is 180,000, was what was the net income earned for the year?

Using the information below, compute the net income of the company:

Interest expense	$ 2,000
Operating expenses	22,000
Tax expense	3,000
Cash	7,000
Sales revenue	125,000
Cost of goods sold	85,000