I need this answered tonight please. I will give you 5 star rating and big thumbs up! I need answers to compare to my work. STAT PLEASE!

The owner of a bicycle repair shop forecasts revenues of $200,000 a year. Variable costs will be $60,000, and rental costs for the shop are $40,000 a year. Depreciation on the repair tools will be $20,000.

a. Prepare an income statement for the shop based on these estimates. The tax rate is 20%.

7 boxes only and choices are the following:

• Depreciation
• Pretax profit
• Rental costs
• Revenue
• Taxes
• Variable costs

Calculate the operating cash flow for the repair shop using the three methods given below:

Now calculate the operating cash flow.

1. Dollars in minus dollars out.
2. Adjusted accounting profits.
3. Add back depreciation tax shield.

Calculate the operating cash flow for the repair shop using the three methods given below:

Now calculate the operating cash flow.

1. Dollars in minus dollars out.= OPERATING CASH FLOW ___________________________
2. Adjusted accounting profits.= OPERATING CASH FLOW ____________________________
3. Add back depreciation tax shield.= OPERATING CASH FLOW ____________________________