The information below relates to the operations of Wildhorse Corporation, a private company following ASPE, for the year ended December 31,2023 : Additional information: - The effective tax rate is 25%. - Depreciation expense: 60% administrative expense and 40% selling expense - Salaries and wages expense: 35% administration expense and 65% selling expense - Rent expense: 75% administration expense and 25% selling expense 3