Homework 1 (i)\ Help\ Save & Exit\ Submit\ RStudio-2023.12.0\

-369

\ 20\ points\ What is the net income for the firm? Suppose the company paid out

$30,000

in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)\ \\\\table[[eBook],[Hint],[References]]\ \\\\table[[,Amount],[Net income,

$,121,660

Gia, Incorporated, has sales of $497,000, costs of $276,000, depreciation expense of $43,000, interest expense of $24,000, and a tax rate of 21 percent. What is the net income for the firm? Suppose the company paid out $30,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations.)