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Using Income Statements Given the following information for OHara Marine Co., calculate the depreciation expense: sales $43,000; costs $26,000; addition to retained earnings $5,600; dividends

Using Income Statements Given the following information for OHara Marine Co., calculate the depreciation expense:

sales $43,000;

costs $26,000;

addition to retained earnings $5,600;

dividends paid $1,300;

interest expense $1,900;

tax rate 35 percent.

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