You have been given the following information for Corky’s Bedding Corp.:a.Net sales = $12 050 000.b.Cost of goods sold = $8 500 000.c.Other operating expenses = $210 000.d.Addition to retained earnings = $1 080 000.e.Dividends paid to preferred and common stockholders = $355 000.f.Interest expense = $900 000. The firm’s tax rate is 30 percent.Calculate the depreciation expense for Corky’s Bedding Corp. What is Depreciation expense $…..?