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Gia, Inc., has sales of $681,000, costs of $343,000, depreciation expense of $87,000, interest expense of $53,500, and a tax rate of 24 percent. (Do

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Gia, Inc., has sales of $681,000, costs of $343,000, depreciation expense of $87,000, interest expense of $53,500, and a tax rate of 24 percent. (Do not round intermediate calculations.) What is the net income for the firm? Suppose the company paid out $39,500 in cash dividends. What is the addition to retained earnings? X Answer is not complete. Net income 150,100 Addition to retained earnings

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