Can someone help me with this problem

The Berndt Corporation expects to have sales of $10 million. Costs other than depreciation are expected to be 70% of sales, and depreciation is expected to be $1.5 million. All sales revenues will be collected in cash, and costs other than depreciation and The Berndt Corporation expects to have amortization must be paid for during the year. Brendt's federal-plus-state tax rate is 35%. Berndt has no debt Set up an income statement, W hat s Bemdt's expected net cash flow? Enter your answer in dollars. F answer of $1.2 m on should be entered as 1, 200,000 or example, an Suppose Congress changed the tax laws so that Bemdt's depreciation expenses doubled. No changes in operations occurred What would happen to reported profit and to net cash flow? If depreciation doubled, taxable income would fall to zero, taxes would be zero, and net cash flow would II. If depreciation doubled, taxable income would fall o zero, taxes would be zero, and net cash flow would decline. If depreciation doubled, taxable income would not be affected since depreciation is a non-cash expense. Net show flow would also be unaffected. depreciation doubled, taxable omen would not be affected since deeper non-cash expense. Net cash flow would double. V. If depreciation doubled, taxable income would fall o zero, taxes would be zero, an net cash flow would be unaffected. Now suppose that Congress, instead of doubling Bemd's depreciation, reduced it by 50%. How would profit and net cash flow be affected? depreciation w ere halved able income and taxes would rise but net cash flow would fall If depreciation were halved, taxable income, taxes, and net cash flow would If depreciation were halved, taxable income and as would dedine but net cash flow could rise. depreciation were halved, taxable income taxes, and net cash flow would all dedine, fail taxes would If depreciation were halved, taxable income and net cash flow would rise If this y, would you pr Congress to cause you depreciation expense to be doubled or halved? Why? Were you 0mpan the nears to withdraw from the firm and therefore, cash flows should be more important to them than You should prefer to have higher depreciation charges and therefore higher net income. Net cash flows are the funds that are available to net income II. You should prefer to have higher depreciation charges and therefore higher cash flows. Net cash flows are the funds that are available to the owners to withdraw from the firm and, therefore, cash flows should be more important to them than net income III. You should prefer to have lower depreciation charge and therefore high cash flows. Net cash flows are the funds that e firm and, therefore, cash flows should be more important e available to the owners to with darkroom the o them than net income IV. You should prefer to have higher depreciation charges and therefore higher net income, Net income represents the funds that are available to the owners to withdraw from the firm and, therefore, net income should be more important to them than net cash flows. the owners to withdraw from the film and, therefore, net income should be more important to them than net each flows. You should prefer to have lower depreciation charges and therefore higher net in Net income represents the funds that are available to be more important to them than net cash flows