Sales $200,000 Costs $105,000 SG&A $20,000 Interest $23,000 Dividend paid $10,000 Retained Earnings Added $23,000 Total Assets

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Sales $200,000 Costs $105,000 SG&A $20,000 Interest $23,000 Dividend paid $10,000 Retained Earnings Added $23,000 Total Assets $85,000 Equity $45,000 Tax Rate 35%

How much was the depreciation charge for MRI? (Hint: Prepare the income statement. You will have to work backwards to find the missing data.) A.$16,000

B.$7,846

C.$11,923

D.$1,231

E.$20,077

F.$3,769