Check my work Butterfly Tractors had $14 million in sales last year. Cost of goods sold was $8.00 million, depreciation expense was $2 million, interest payment on outstanding debt was $1 million, and the firm's tax rate was 35%. a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) Net income $ 1.95 million b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places.) Net cash flow $ 3.95 million c. What would happen to net income and cash flow if depreciation were increased by $1 million? (Enter your numeric answers in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) by million Net income would be Cash flow would be decreased increased by million