You are given the following information for Sookie’s Cookies Co.: sales = $52,700; costs = $38,100; addition to retained earnings = $3,050; dividends paid = $1,010; interest expense = $1,410; tax rate = 30 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 $