1. Chelmsford Company has total sales of $250,000, costs are $175,000, and depreciation is $26,500. The tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow? a. $57,324 b. $56,640 c. $58,510 d. $55,780 e. $57,880 2. Tom's Bakery has total sales of $48,000, costs are $27,500, and depreciation is $3,050. The tax rate is 34 percent. The interest expense is $705. What is the operating cash flow? a. $13,529.48 b. $12,265.30 c. $14,320.48 d. $13,219.50 e. $14,806.70 3. Andover Cafe has net income of $25,000. The firm pays out 40 percent of the net income to its shareholders as dividends. During the year, the company sold $4,200 worth of common stock. What is the cash flow to stockholders? a. $25,000 b. $14,200 c. $4,200 d. $5,800 e. $10,00