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Gia, Incorporated, has sales of $682,000, costs of $344,000, depreciation expense of $88,000, interest expense of $54,000, and a tax rate of 25 percent. What

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Gia, Incorporated, has sales of $682,000, costs of $344,000, depreciation expense of $88,000, interest expense of $54,000, and a tax rate of 25 percent. What is the net income for the firm? Suppose the company paid out $39,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.) Net income Addition to retained earnings

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