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31. (10 points) O'Hara Marine Co. reports the following information in its income statement: sales = $52,000; costs = $22,000; addition to retained earnings =

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31. (10 points) O'Hara Marine Co. reports the following information in its income statement: sales = $52,000; costs = $22,000; addition to retained earnings = $11,600; dividends paid = $1,400; interest expense = $4,400; tax rate = 35 percent. What is the depreciation expense

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