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Can someone help me determine the correct responses to this question? Daly Publishing Corporation recently purchased a truck for $31,000. Under MACRS, the first year's

image text in transcribedimage text in transcribedCan someone help me determine the correct responses to this question?

Daly Publishing Corporation recently purchased a truck for $31,000. Under MACRS, the first year's depreciation was $6,200. The truck driver's salary in the first year of operation was $42,000. The company's tax rate is 30 percent. Required: 1-a. Calculate the after-tax cash outflow for the acquisition cost and the salary expense. 1-b. Calculate the reduced cash outflow for taxes in the first year due to the depreciation. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Calculate the after-tax cash outflow for the acquisition cost and the salary expense. After-Tax Cash Outflow Acquisition cost Salary expense Daly Publishing Corporation recently purchased a truck for $31,000. Under MACRS, the first year's depreciation was $6,200. The truck driver's salary in the first year of operation was $42,000. The company's tax rate is 30 percent. Required: 1-a. Calculate the after-tax cash outflow for the acquisition cost and the salary expense. 1-b. Calculate the reduced cash outflow for taxes in the first year due to the depreciation. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Calculate the reduced cash outflow for taxes in the first year due to the depreciation. Reduced cash outflow

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