Question: QUESTION 29 (A negative answer should be indicated by a minus sign. Do not round intermediate calculations, use 1000 separator, and round your answer to

 QUESTION 29 (A negative answer should be indicated by a minus

QUESTION 29 (A negative answer should be indicated by a minus sign. Do not round intermediate calculations, use 1000 separator, and round your answer to the nearest whole number, e.g., 1,032.) Pharrell, LLC., has net sales of $602,000, costs of $256,000, depreciation expense of $62,500, and interest expense of $29,500. A flat tax rate of 40 percent is applied to the firm's taxable income. The firm paid out $44,500 in cash dividends. What is the net income? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations, use 1000 sepa rator, and round your answer to the nearest whole number, e.g., 1,032.) Net income: $ What is the addition to retained earnings? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations, use 1000 separator, and round your answer to the nearest whole number, e.g., 1,032.) Addition to retained earnings: $ What is the EBIT? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations, use 1000 separato r, and round your answer to the nearest whole number, e.g., 1,032.) EBIT: SI What is the tax bill? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations, use 1000 separato r, and round your answer to the nearest whole number, e.g., 1,032.) Tax bill: $1

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