1. Papa Roach Exterminators, Inc., has sales of $734,000, costs of $375,000, depreciation expense of $56,000, interest expense of $28,000, and a tax rate of 35 percent. If the firm paid out $77,000 in cash dividends. What is the addition to retained earnings?
2. Papa Roach Exterminators, Inc., has sales of $624,000, costs of $395,000, depreciation expense of $56,000, interest expense of $25,000, and a tax rate of 35 percent. What is the net income for firm?
3. Earnhardt Driving School's 2008 balance sheet showed net fixed assets of $3.6 million, and the 2009 balance sheet showed net fixed assets of $6.2 million. The company's 2009 income statement showed a depreciation expense of $925,000. What was net capital spending for 2009?