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You have been given the following information for MB Pet Supply's Corp

Finance

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You have been given the following information for MB Pet Supply's Corp.:

net sales = $8,550,000

cost of goods sold = $5,890,000;

addition to retained earnings = $760,000;

dividends paid to preferred and common stockholders = $376,200;

interest expense = $646,000.

The firm's tax rate is 35 percent. Calculate the depreciation expense for MB Pet Supply's Corp.