QUESTION 7 KRJ International just reported earnings before taxes of $100,000 and tax expense of $25,000, leaving net income of $75,000. During the year it sold a warehouse with a net book value of $14,798 for $9,761; the resulting gain or loss on the sale was included in the calculation of earnings before taxes. Recalculate the company's net income with the unusual gain or loss removed. QUESTION 8 At the beginning of the year, Execon Company had total assets of $200,000, total liabilities of $110,000, and total shareholders' equity of $90,000, which included retained earnings of $67.740. For the year, Execon Company reported net income of $89,268, and at the end of the year it reported total assets of $290,432 and retained earnings of $119.862. For the year, how much did Execon pay in cash dividends