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Travis, Inc., has sales of $388,000, costs of $176,000, depreciation expense of $41,000, interest expense...

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Travis, Inc., has sales of $388,000, costs of $176,000, depreciation expense of $41,000, interest expense of $22,000, and a tax rate of 35 percent. (Do not round intermediate calculations.) What is the net income for the firm? Net income Suppose the company paid out $31,000 in cash dividends. What is the addition to retained earnings? Addition to retained earnings

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