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Suppose you are given the following information for Bayside Bakery: Sales = $40,000; costs of goods sold = $15,000; addition to retained earnings = $5,221;

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Suppose you are given the following information for Bayside Bakery: Sales = $40,000; costs of goods sold = $15,000; addition to retained earnings = $5,221; dividends paid = $2,237; interest expense = $1,300; tax rate = 40%. What is the amount of the depreciation expense? *Note: assume expenses other than costs of goods sold and depreciaton are not incurred A. 11,270 B. 9,569 OC. 13,169 OD.7,569 E. 15,369

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