Answer:
$360,000
Explanation:
Net sales : $2,500,000
Cost of goods sold : ($1,300,000)
Gross profit : $ 1,200,000
Interest expense : ($50,000)
Net profit : $ 1, 150,000
Retained earning: ($30,000)
Dividends paid : ($300,000)
Tax at 40%: =40% * $1,150,000
($460,000)
Depreciation expense : $360,000
