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Complete the income statement and then calculate the OCF. What is the depreciation tax shield? Consider the following information. Complete the income statement and then

Complete the income statement and then calculate the OCF. What is the depreciation tax shield?

image text in transcribed Consider the following information. Complete the income statement and then calculate the OCF. What is the depreciation tax shield? \begin{tabular}{|l|r|} \hline Input area: & \\ \hline Sales & $704,600 \\ \hline Variable cost & $527,300 \\ Depreciation & $82,100 \\ Tax rate & 22% \\ \hline \end{tabular} (Use cells A6 to B10 from the given information to complete this question.) \begin{tabular}{l} Output area: \\ \hline Sales \\ Variable costs \\ Depreciation \\ EBT \\ Taxes \\ Net Income \\ OCF \\ Depreciation tax shield \\ \hline \end{tabular} Consider the following information. Complete the income statement and then calculate the OCF. What is the depreciation tax shield? \begin{tabular}{|l|r|} \hline Input area: & \\ \hline Sales & $704,600 \\ \hline Variable cost & $527,300 \\ Depreciation & $82,100 \\ Tax rate & 22% \\ \hline \end{tabular} (Use cells A6 to B10 from the given information to complete this question.) \begin{tabular}{l} Output area: \\ \hline Sales \\ Variable costs \\ Depreciation \\ EBT \\ Taxes \\ Net Income \\ OCF \\ Depreciation tax shield \\ \hline \end{tabular}

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