Chapter 2 Problems Saved 2 10 Higgins, Inc., has sales of $530,900, costs of $302,300, depreciation expense of $43,800, interest expense of $21,900, a tax rate of 25 percent, and paid out $30,000 in cash dividends. a. What is the net income for the firm? (Do not round intermediate calculations.) b. What is the addition to retained earnings? (Do not round intermediate calculations.) points eBook a. Net income b. Addition to retatined earnings $ $ 332,475 302,475 Hint Print References