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Gia, Incorporated, has sales of $ 6 7 3 , 0 0 0 , costs of $ 3 3 5 , 0 0 0 ,

Gia, Incorporated, has sales of $673,000, costs of $335,000, depreciation expense of $79,000, interest expense of $49,500, and a tax rate of 21 percent. What is the net income for the firm? Suppose the company paid out $43,500 in cash dividends. What is the addition to retained earnings?

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