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the owners of a bicycle repair shop forecasts revenues of $208,000 a year. variable costs will be $62,000, and rental costs for the shop are

the owners of a bicycle repair shop forecasts revenues of $208,000 a year. variable costs will be $62,000, and rental costs for the shop are $42,000 a year. depreciation of the repair tolls will be $22,000. a)prepare an income statement for the shop based on these estimates, the tax rate is 20%, b) calculate the operating cash flow for the repair shop using 1)dollars in minus dollars out, 2)adjusted accounting profits, 3)add back depreciation tax shield

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