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Using Income Statements. Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales = $67,000; costs = $49,200; addition to retained earnings

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Using Income Statements. Given the following information for Sookie's Cookies Co., calculate the depreciation expense: sales = $67,000; costs = $49,200; addition to retained earnings = $3,500; dividends paid = $2,170; interest expense = $1,980; tax rate = 40 percent

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