Given the following information for Sookies Cookies Co., calculate the depreciation expense: sales = $92,298; costs = $66,858; addition to retained earnings = $1,250; dividends paid = $512; interest expense = $1,567; tax rate = 31 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.)

Corporation Growth has $92000 in taxable income. Suppose Corporation Growth has identified a new project that will increase taxable income by $26,374. How much in additional taxes will Corporation Growth pay?