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D Question 4 Based on the following information, calculate the net income of the firm in 2020? Fiscal year 2019 Fiscal year 2020 Retained Earnings: $50,000 Retained Earnings: $80,000 Dividends Paid: $10,000 Dividends Paid: $20,000 Net Income: $50,000 Net Income: ??? $40,000 O $50,000 O $60,000 O $30,000 D Question 5 Which of the following is considered a cash outflow? Selling long-term investments O Purchasing fixed assets O Borrowing money O Increasing equity California Retailing Inc. has net income of $105,000 and its total interest expenses are $10,000. The tax rate is 30%. What is California Retailing Inc's earnings before interest and tax (EBIT)? O $160,000 $115,500 $135,000 O $150,000