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

a. Net sales = $11,150,000.

b. Cost of goods sold = $7,700,000.

c. Other operating expenses = $130,000.

d. Addition to retained earnings = $1,050,000.

e. Dividends paid to preferred and common stockholders = $315,000.

f. Interest expense = $850,000.

The firms tax rate is 35 percent.

Calculate the depreciation expense for Corkys Bedding Corp.