Depreciation and accounting cash flow in the third year of depreciating its only asset, which originally cost $180,000 and has a 5-year MACRS recovery period has gathered the following data ralative to the currant year's Accruals Current assets Interest expense Sales revenue $15,100 122,000 15,900 412,000 69,600 295,000 21% Total costs before depreciation, interest and taxes Tax rate on ordinary income 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 fim's cash flows. a. Complete the tollowing table to determine the operating cash flow (OCF) Round to the nearest dollar.) Operating Cash Flow Sales revenue Less: Total costs before depreclation, Interest, and taxes Depreciation expense Earnings before intrst and taxes Less: Taxes at 21% Net operating profit after taxes (NOPAT) Plus: Depreciation Operating Cash Flow (OCF) 412000 295000 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* 7 years 14% 25% 18% 12% 9% 9% 9% 4% Recovery year 3 years 35% A % 15% 5 years 20% 32% 19% 12% 12% 5% 10 years 10% 18% 14% 12% 9% 5% 2 4 6% 6% 6% 4% 100% 10 Totals 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year convention