Higgins, Inc., has sales of $519,200, costs of $297,100, depreciation expense of $42,500, interest expense of $20,600, a tax rate of 22 percent, and paid out $27,400 in cash dividends. a. What is the net income for the firm? (Do not round intermediate calculations.) b. What is the addition to retained earnings? (Do not round intermediate calculations.) Answer is complete but not entirely correct. a. Net income S 124,488 x b. Addition to retatined earnings 97,088 CA 27 4