Suppose you are given the following information for Yusuf Surfing Co.: Sales = $40,000; costs of goods sold = $15,000; addition to retained earnings = $5,221; dividends paid = $1,469; interest expense = $1,300; tax rate = 40% . What is the amount of the depreciation expense?
*Note: assume expenses other than costs of goods sold and depreciation are not incurred
A. 7,000
B. 12,550
C. 15,350
D. 9,500
E. 13,150