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The Berndt Corporation expects to have sales of $15 million. Costs other thandepreciation are expected to be 80% of sales, and depreciation is expected to

The Berndt Corporation expects to have sales of $15 million. Costs other thandepreciation are expected to be 80% of sales, and depreciation is expected to be $2.5million. All sales revenues will be collected in cash, and costs other than depreciation mustbe paid for during the year. Berndt's federal-plus-state tax rate is 40%. Berndt has no debt.a. Set up an income statement. What is Berndt's expected net cash flow?

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