What was the depreciation expense

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Reference no: EM131968998

Last year, Johnson Mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The firm paid $700 in dividends and had a tax rate of 35 percent.

The firm added $2,810 to retained earnings. The firm had no long-term debt. What was the depreciation expense?

Reference no: EM131968998

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