You have been given the following information for Corkys Bedding Corp.:

a. Net sales = $12,600,000. b. Cost of goods sold = $9,200,000. c. Other operating expenses = $280,000. d. Addition to retained earnings = $1,010,000. e. Dividends paid to preferred and common stockholders = $390,000. f. Interest expense = $970,000. The firms tax rate is 30 percent.

Calculate the depreciation expense for Corkys Bedding Corp.

Depreciation expense $