PROBLEMS connect Basic Problems 1. Selected problems are available with Connect.Please see the preface for more information. Assume a corporation has earnings before depreciation and taxes of $90,000, depreciation of $40,000, and a 30 percent tax bracket. Compute its cash flow using the following format: Earnings before deprecistion and taxes Depreciation Earnings before taxes Taxes @ 30% Earnings after taxes Depreciation Cash flow Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and a 40 percent tax bracket. a. Compute its cash flow using the following format: 2