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.