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Could you show your work please. Thank you for the help! Given the information for Lucan Pizza Co., Calculate the depreciation expense begin{tabular}{|lr|} hline Sales
Could you show your work please. Thank you for the help!
Given the information for Lucan Pizza Co., Calculate the depreciation expense \begin{tabular}{|lr|} \hline Sales & $52,000 \\ Costs & 27,300 \\ Interest expense & 4,900 \\ Tax rate & 35% \\ Dividends paid & 1,800 \\ Addition to retained earnings & 5,300 \\ \hline \end{tabular} \begin{tabular}{|lr|} \hline \multicolumn{2}{c|}{ Income Statement } \\ \hline Sales & $52,000 \\ Costs & \multicolumn{2}{c|}{27,300} \\ \cline { 2 } Depreciation expense & \\ EBIT & \\ Interest expense & 4,900 \\ \cline { 2 } EBT & \\ Taxes & \\ \cline { 2 } Net income & \\ Dividends & \\ Addition to retained earnings & 5,300 \\ \hline \end{tabular}Step by Step Solution
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