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You have been given the following information for Corkys Bedding Corp.: a. Net sales = $12,500,000. b. Cost of goods sold = $9,000,000. c. Other

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

a. Net sales = $12,500,000.
b. Cost of goods sold = $9,000,000.
c. Other operating expenses = $260,000.
d. Addition to retained earnings = $1,090,000.
e. Dividends paid to preferred and common stockholders = $380,000.
f. Interest expense = $950,000.
The firms tax rate is 30 percent.

Calculate the depreciation expense for Corkys Bedding Corp.

Depreciation expense $

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