Problem 3-14 Income versus Cash Flow (L03) Butterfly Tractors had $22.50 million in sales last year. Cost of goods sold was $9.70 million, depreciation expense was $3.70 million interest payment on outstanding debt was $270million, and the firm's tax rate was 30%. a. What was the firm's net income? (Enter your answers in millions rounded to 2 decimal places.) income million b. What was the firm's cash flow? (Enter your answers in millions rounded to 2 decimal places cash flow c What wouid happen to net income and cash flow if depreciation were increased by $2.70 million? (Enter your numeric answers in millions rounded to 2 decimal places Select "unaffected" if the results do not affect the balance c. What would happen to net income and cash flow if depreciation were in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) creased by $2.70 million? (Enter your numeric answers in by million Net income would be Cash flow would be by million t What would be the impact on cash flow if depreciation was $2.70 million and interest expense was $3.70 million? (Enter your numeric answer in millions rounded to 2 decimal places. Select "unaffected" if the results do not affect the balance.) Cash ow would be