Question: Problem 2-15 Using Income Statements [LO 2] You are given the following information for Ted's Dread Co.: sales = $70,300: costs = $52,500; addition to

Problem 2-15 Using Income Statements [LO 2] You are given the following information for Ted's Dread Co.: sales = $70,300: costs = $52,500; addition to retained earnings = $4,900; dividends paid = $2,540; interest expense = $2,250; tax rate = 22 percent. Calculate the depreciation expense for the company. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Depreciation expense

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