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You are given the following information for Sookie's Cookies Co.: sales = $52,800; costs = $38,000; addition to retained earnings = $2,480; dividends paid =

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You are given the following information for Sookie's Cookies Co.: sales = $52,800; costs = $38,000; addition to retained earnings = $2,480; dividends paid = $1,015; interest expense = $1,400; tax rate = 40 percent. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Calculate the net income. Net income $ Calculate the taxable income. Taxable income $C Calculate the EBIT. EBIT Calculate the depreciation expense. Depreciation expense

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