Question: Here is my work need to make sure its correct. Total Sales $91,000 Cost $45,300 Less:depreciation expense $23,279 EBIT $22,421 Less:interest expense $3,850 EBT(100%) $18,571

 Here is my work need to make sure its correct. Total Here is my work need to make sure its correct.

Total Sales $91,000
Cost $45,300
Less:depreciation expense $23,279
EBIT $22,421
Less:interest expense $3,850
EBT(100%) $18,571
Less:tax@25%(21360*25%) $4,271
Net income(75%)(12800+3220) $17,820
Less:Dividends $3,520
Addition to retained earnings $14,300

Given the following information for O'Hara Marine Co., calculate the depreciation expense: sales = $91,000; costs = $45,300; addition to retained earnings = $14,300; dividends paid = $3,520; interest expense = $3,850; tax rate = 23 percent. (Do not round intermediate calculations and round your answer to the nearest whole dollar amount, e.g., 32.) Depreciation expense $ 23,279

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