Last year, Bad Tattoo Company had additions to retained earnings of $5.715 on sales of $98,255. The company had costs of $77,535, dividends of $3,640, and interest expense of $2,920. If the tax rate was 21 percent, what the depreciation expense? Multiple Choice $2,605 $3,556 $11,733 $5,958 Hodgkiss Mfg., Incorporated, is currently operating at only 77 percent of fixed asset capacity. Fixed assets are $361,900. Current sales are $470,000 and projected to grow to $714,156. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. Multiple Choice $188,000 $64,599 $58,447