Financial Information for First Project Year Sales $1552014 Manufacturing costs Direct materials $150,000 Direct labour $200,000 Overhead $100,000 Depreciation $200,000 Operating expenses $150423 Equipment purchase $400,000 Borrowing to finance equipment $200,000 Increase in inventories $97386 Decrease in accounts receivable $20,000 Increase in wages payable $34212 Decrease in notes payable $40,000 Income taxes $272688 Interest payment on financing $20,000 (a) What is the taxable income during the project period? Taxable income = $ (b) What is the net income during the project period? Net income = $ (c) What is the change in total current assets? Changes in Current Assets =$ (d) What is the change in total current liabilities? Changes in current liabilities =$ (e) Compute the additional working-capital requirement during the project period. Working capital = $