The MME Company produces and sells bicycles. In 2015 the company sold 48,100 bicycles for $68.25 each. Direct labor is $22.55 per bicyele and material is $24.75. In addition S128,050 was paid for indirect labor and $26,000 was paid for utilities. The company has outstandingebt of $650,000 at an average interest rate of 15%. The corporate tax rate is 38% Last year the net income for the MME Company was $350,000. a. Calculate the depreciation expense for 2015