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Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales =$86,024; costs =$63,844; addition to retained earnings =$538; dividends paid =$999; interest

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Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales =$86,024; costs =$63,844; addition to retained earnings =$538; dividends paid =$999; interest expense =$1,748; tax rate =36 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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