Clipboard Font Styles AI A B D E F G H I J 2 3 Given the following information for Gandolfino Pizza Co., calculate the depreciation expense: sales = $61,000; costs = $29,600; addition to retained earnings = $5,600; dividends paid = $1,950; interest expense = $4,300; tax rate = 21 percent. 4 5 6 7 8 9 10 11 Sales $ Costs $ Addition to retained earnings $ Dividends paid $ Interest expense $ Tax rate 61,000 29,600 5,600 1,950 4,300 21% 12 13 14 Complete the following analysis. Do not hard code values in your calculations. NOTE: You must enter your calculations in the order numbered in Column B. 15 16 17 18 Income Statement 1) Sales 2) Costs 10) Depreciation expense 9) EBIT 61,000 29,600 19 20 . Formatting Styles Clipboard Font Table Styles D19 A B D F G H Interest expense Tax rate 10 11 12 13 E 4,300 21% 14 Complete the following analysis. Do not hard code values in your calculations. NOTE: You must enter your calculations in the order numbered in Column B. 15 16 17 18 19 20 21 22 61,000 29,600 Income Statement 1) Sales 2) Costs 10) Depreciation expense 9) EBIT 8) Interest expense 6) EBT 7) Taxes 5) Net income 4,300 23 24 25 26 27 28 3) 4) Dividends S Addition to retained earnings $ 1,950 5,600 29