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

a.Net sales = $12,000,000.b.Cost of goods sold = $8,400,000.c.Other operating expenses = $200,000.d.Addition to retained earnings = $1,050,000.e.Dividends paid to preferred and common stockholders = $350,000.f.Interest expense = $890,000.The firms tax rate is 30 percent.

Calculate the depreciation expense for Corkys Bedding Corp.

Depreciation expense $