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You have been given the following information for Corky’s Bedding Corp.: a. Net sales = $12,100,000....

You have been given the following information for Corky’s Bedding Corp.: a. Net sales = $12,100,000. b. Cost of goods sold = $8,600,000. c. Other operating expenses = $220,000. d. Addition to retained earnings = $1,110,000. e. Dividends paid to preferred and common stockholders = $360,000. f. Interest expense = $910,000. The firm’s tax rate is 30 percent. Calculate the depreciation expense for Corky’s Bedding Corp

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