Problem $2-2$ Building an Income Statement

$12$ points

Hama, Incorporated, has sales of $$524,600,$ costs of $$299,500,$ depreciation expense of $$43,100,$ interest expense of $$21,200,$ a tax rate of $23$ percent, and paid out $$28,600$ in cash dividends.

a$.$ What is the net income for the firm?

b$.$ What is the addition to retained earnings?

Note: For all requirements, do not round intermediate calculations.

$\backslash$table$[[$a$.$ Net income,$],[$b$.$ Addition to retained earnings,$]]$