Problem 2-21 Depreciation and cash flow [LO5] The Rogers Corporation has a gross profit of $707,000 and $329,000 in depreciation expense. The Evans Corporation also has $707,000 in gross profit, with $44,800 in depreciation expense. Selling and administrative expense is $176,000 for each company. a. Given that the tax rate is 40 percent, compute the cash flow for both companies. Rogers Evans Cash flow $ $ b. Calculate the difference in cash flow between the two firms. Difference in cash flow $ rev: 02_20_2014_QC_44768