2. You have been given the following information for Pierre's: a. Net sales = $ 17,050,000. b. Cost of goods sold = $12,200,000. c. Other operating expenses = $1,130,000. d. Addition to retained earnings = $1,350,000. e. Dividends paid to preferred and common stockholders = $415,000. f. Interest expense = $850,000. The firm's tax rate is 35 percent. Calculate the depreciation expense for Pierre's (10 points)