Urgo, Inc. incurred depreciation expenses of $52,000 last year. The sales were $347,000 and the addition to

Question:

Urgo, Inc. incurred depreciation expenses of $52,000 last year. The sales were $347,000 and the addition to retained earnings was $45,000. The firm paid interest of $17,000, bought new equipment worth $119,000, and paid dividends of $19,000. The tax rate was 36.6 percent. What was the amount of the costs incurred by the firm for last year?