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Question 2 and 3

2. Building an Income Statement Gia, Inc., has sales of $473,000. costs of $275,000. depreciation expense of $42,000, interest expense of $23,000, and a tax rate of 21 percent. What is the net income for the firm? Suppose the company paid out $25,000 in cash dividends. What is the addition to retained earnings? 3. Market Values and Book Values Klingon Cruisers, Inc., purchased new cloaking machinery three years ago for $9.6 million. The machinery can be sold to the Romulans today for $6.4 million. Klingon's current balance sheet shows net fixed assets of $4.9 million, current liabilities of $2.2 million, and net working capital of $850,000. If all the current accounts were liquidated today, the company would receive $2.7 million cash. What is the book value of Klingon's assets today? What is the sum of NWC and market value of fixed assets? Clemati. Tava Tari Simone sinale od bad c180 Oitovala namin the rate fem