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Gia, Inc., has sales of $675,000, costs of $337,000, depreciation expense of $81,000, interest expense of $50,500, and a tax rate of 23 percent. (Do

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Gia, Inc., has sales of $675,000, costs of $337,000, depreciation expense of $81,000, interest expense of $50,500, and a tax rate of 23 percent. (Do not round intermediate calculations.) What is the net income for the firm? Suppose the company paid out $42,500 in cash dividends. What is the addition to retained earnings? Net income Addition to retained earnings

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