Griffin's Goat Farm, Inc., has sales of $654.000, costs of $305,000, depreciation expense of $52,000, interest expense of $25,000, and a tax rate of 21 percent. What is the net income for this firm? Griffin's Goat Farm, Inc., has sales of $639,000, costs of $385,000, depreciation expense of $38,000, interest expense of $31,000, and a tax rate of 23 percent. The firm paid out $108,000 in cash dividends, and has 35,000 shares of common stock outstanding