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Gia, Incorporated, has sales of $ 6 6 3 , 0 0 0 , costs of $ 3 2 5 , 0 0 0 ,

Gia, Incorporated, has sales of $663,000, costs of $325,000, depreciation expense of $69,000, interest expense of $44,500, and a tax rate of 21 percent. What is the net income for the firm? Suppose the company paid out $45,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)

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