You have been given the following information for Corky's Bedding Corporation:

a$.$ Net sales $=$$$12,250,000.$

b$.$ Cost of goods sold $=$$$8,900,000.$

c$.$ Other operating expenses $=$$$250,000.$

d$.$ Addition to retained earnings $=$$$1,060,000.$

e$.$ Dividends paid to preferred and common stockholders $=$$$375,000.$

f$.$ Interest expense $=$$$940,000,$ all of which is tax deductible.

The firm's tax rate is $21$ percent.

Calculate the depreciation expense for Corky's Bedding Corporation.

Note: Round your answer to the nearest dollar amount.

Calculate Depreciation expense