Using Income Statements. You are given the following information for Sookie’s Cookies Co.: sales = $51,300; costs = $39,500; addition to retained earnings = $2,875; dividends paid = $940; interest expense = $1,550; tax rate = 30 percent. Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Depreciation expense $