2. This year, Johnson Mills has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The rm paid $700 in dividends, $280 in interest, and has a total tax rate of 21 percent. The rm will add $2,810 to retained earnings. What is the depreciation expense? A) $2,300 B) $3,709 C) $2,640 D) $780 E) $3,577