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You have been given the following information for Corky's Bedding Corporation: a. Net sales = $11,450,000. b. Cost of goods sold = $8,300,000. c.

 

You have been given the following information for Corky's Bedding Corporation: a. Net sales = $11,450,000. b. Cost of goods sold = $8,300,000. c. Other operating expenses = $190,000. d. Addition to retained earnings = $1,020,000. e. Dividends paid to preferred and common stockholders = $345,000. f. Interest expense = $880,000, 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. Depreciation expense

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