Question $7$

Izzy's Cove has sales of $$32,100,$ costs of $$13,550,$ a net addition to retained

earnings of $$9,121,$ dividends paid of $$469,$ interest expense of $$2,800,$ and a tax

rate of $22\%.$ What is the amount of the depreciation expense?

$8,013$

$5,947$

$4,882$

$3,455$

$2,655$