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Prescott Football Manufacturing had the following operating results for 2019: sales = $30,674; cost of goods sold = $21,920; depreciation expense = $3,582; interest expense
Prescott Football Manufacturing had the following operating results for 2019: sales = $30,674; cost of goods sold = $21,920; depreciation expense = $3,582; interest expense = $594; dividends paid = $889. At the beginning of the year, net fixed assets were $20,336, current assets were $2,149, and current liabilities were $4,886. At the end of the year, net fixed assets were $23,227, current assets were $4,557, and current liabilities were $3,237. The tax rate for 2019 was 21 percent.
Net income for 2019?
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