9.25 Sales 520.00 Fill in the unknown (in thousands of pesos): less, expenses excluding depreciation 350.00 (S Sales on Depreciation 100.00 P520 (E) Expenses excluding depreciation Total expenses 450.00 (D Depreciation 350 Income before income taxes 70.00 Total expenses 100 Income taxes at 40% 28.00 Income before income taxes 450 Net income 42.00 ? (T) Income taxes at 40% Cash effects of operations: Net income Cash inflows from operations less cash expenses P520-350 170.00 3 Less, Income tax outflow without depreciation ( P170 x .40) 68.00 102.00 Cash effects of operations: Effect on deprection as savings on income tax Cash inflow from operations Depreciation P100 x 40% 40.00 Income tax outflow at 40% Total after tax effect on cash 142.00 After-tax inflow from operations Effect of depreciation Total after tax effect on cash is Depreciation, P100 Cash inflows from sales 520.00 Cash outflows for expenses Income tax savings .0985 (350.00) Cash outflows for tax (28.00) Total after-tax effect on cash Total after tax cash received. 142.00