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Floral Fantasia has annual sales of $ 6 1 , 8 8 8 , depreciation of $ 8 , 1 0 0 , interest paid

Floral Fantasia has annual sales of $61,888, depreciation of $8,100, interest paid of $970, cost of goods sold of $29,400, taxes of $4,918, and dividends paid of $4,810. The firm has total assets of $105,300 and total debt of $51,600. The firm does not want any additional external equity financing and also wants to maintain a constant debt-equity ratio.
A. Calculate the net income.

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