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  3. shelton, inc. has sales of $435,000, costs of $216

Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense...

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Accounting

Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax rate of 35 percent. What is the net income for the firm? Suppose the company paid out #30,000 in cash dividends. What is the addition to retained earnings?

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