(S) Sales (E) Expenses excluding depreciation (D) Depreciation Total expenses Income before income taxes (T) Income taxes at 37\% (I) Net income Get more help - Using the browser's print option may create an undesirable printout. Use the Print option in your question instead to get a bettegpringsub (E) Expenses excluding depreciation (D) Depreciation Total expenses Income before income taxes (T) Income taxes at 37\% (1) Net income 750250200450? Cash effects of operations Cash inflow from operations, before tax Cash inflow from operations, after tax Tax savings due to depreciation Total after-tax effect on cash