please workoutnin excel and show all of your work in excel.

9.8 Omar Shipping Company bought a tugboat for $75,000 (year 0) and expected to use it for five years after which it will be sold for $12,000. Suppose the com- pany estimates the following revenues and expenses from the tugboat invest- ment for the first operating year: Operating revenue $200,000 Operating expenses $84,000 Depreciation $4.000 If the company pays taxes at the rate of 30% on its taxable income, what is the net income during the first year? (a) $28,700 (b) $81,200 (c) $78,400 (d) $25,900 for cash and (2)