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Q4. Using Income Statements. Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales = $51,000; costs = $39,800; addition to
Q4. Using Income Statements. Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales = $51,000; costs = $39,800; addition to retained earnings = $2,300; dividends paid = $925; interest expense = $1,230; tax rate = 40 percent
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