Caleulating Canh Flon. The owmar of a bicyele ropair shop forecasts revanues of $ ls0,000 a year. Variable costs will be $50.000. and rental onsts for the shop are SJ0.000 a year. Depreciation oe the...

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Extracted text: Caleulating Canh Flon. The owmar of a bicyele ropair shop forecasts revanues of $ ls0,000 a year. Variable costs will be $50.000. and rental onsts for the shop are SJ0.000 a year. Depreciation oe the repair tools will be S10.000. a. Propare an income stanement for the shop based oa these estianatas The tax rate is 20%. h. Naw calenlate the operating cash ilne for the repair shayp nsing al thet wethocs suggeiel in the chapier. All three apprmaches lulil seuali in the same value fie uhi he L. Dollars nds dullars out. . Adiusted acconating profits. ii. Add back depreciation tax shield