QUESTION 13 Cookies by Casey has sales of $487,000 with costs of $263,000. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 21 percent. What is the net income? O $134,550 O $123,240 O $142,750 $109,000 O $128,700 QUESTION 14 Lewis & Price Corporation paid $700 in dividends and $320 in interest this past year. Common stock remained constant at $6,800 and retained earnings decreased by $180. What is the net income for the year? O $1,200 $880 O $1,020 O $180 O $520