In its Year 5 annual report, Allen Company reports the following (in thousands):

	Year 5	Year 4
Total revenue	$82,000	$79,520
Property, plant, equipment, gross	33,040	30,960
Property, plant, equipment, net	13,232	11,924
Depreciation expense	1,548	1,324

If revenue growth is projected to be 5%, the Year 6 forecasted depreciation expense to be added back on the statement of cash flows is:

Select one:

a. None of these are correct

b. $1,718 thousand

c. $1,548 thousand

d. $1,652 thousand

e. $1,625 thousand