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Given the following information for Sookies Cookies Co., calculate the depreciation expense: sales = $86,616; costs = $55,374; addition to retained earnings = $791; dividends

Given the following information for Sookies Cookies Co., calculate the depreciation expense: sales = $86,616; costs = $55,374; addition to retained earnings = $791; dividends paid = $1,498; interest expense = $349; tax rate = 26 percent. (Hint: Build the Income Statement and fill in the missing pieces until you get to the depreciation expense. You may have to work from bottom up.)

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