Accruals Depreciation and accounting cash flow Afirm in the third year of depreciating its only asset, which originally cost $190,000 and has a 5-year MACRS recovery periodhas gathered the following data relative to the current year's operations: $15,000 Current assets 114,000 Interest expense 15,000 Sales revenue 418,000 Inventory 70,600 Total costs before depreciation, interest and taxes 281,000 Tax rate on ordinary income 40% a. Use the relevant data to determine the operating cash flow for the current year. b. Explain the impact that depreciation, as well as any other noncash charges, has on a firm's cash flows. a. Complete the following table to determine the operating cash flow (OCF): (Round to the nearest dollar.) Operating Cash Flow Sales revenue Less: Total costs before depreciation, interest, and taxes Depreciation expense Earnings before in turust and taxes Less: Taxes at 40% Net operating profit after taxes (NOPAT) $ $ Plus: Depreciation Operating Cash Flow (OCF) $ b. Explain the impact that depreciation, as well as any other noncash charges, has on a firm's cash flows. (Select from the drop-down menu.) Depreciation and other noncash charges serve as a tax shield against income, annual cash flow. Enter any number in the edit fields and then continue to the next