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Last year, Bad Tattoo Co. had additions to retained earnings of $3,679 on sales of $126,348. The company had costs of $38,379, dividends of $3,222,
Last year, Bad Tattoo Co. had additions to retained earnings of $3,679 on sales of $126,348. The company had costs of $38,379, dividends of $3,222, and an interest expense of $1,318. If the tax rate was 26 percent, what was the depreciation expense? Report your answer with 2-digit precision (ex. 12.34).
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