You have been given the following information for Corky's Bedding Corp.: a. Net sales = $11, 100,000 b. Cost of goods sold = $7.600.000. c. Other operating expenses = $120,000. d. Addition to retained earnings = $1, 040.000. e. Dividends paid to preferred and common stockholders = $310.000. f. Interest expense = $840 000 The firm's tax rate is 40 percent. Calculate the depreciation expense for Corky's Bedding Corp. Depreciation expense $