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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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