Last year, Bad Tattoo Co. had additions to retained earnings of $4,950 on sales of $96,050. The company had costs of $76,050, dividends of $3,100, and interest expense of $2,200. If the tax rate was 38 percent, what the depreciation expense?

Multiple Choice

• $6,164

• $5,213

• $8,050

• $12,800

• $4,816