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The table below lists a number of financial transactions in a year for a firm. Using MACRS and US Tax code, determine the cash flow,

The table below lists a number of financial transactions in a year for a firm. Using MACRS and US Tax code, determine the cash flow, income tax and after tax profit of the firm for the year.

Sales

$ 300,000

Operating expenses

$ 50,000

Manufacturing cost

$ 50,000

3rd annual payment on a loan of $100,000 of 6 years at 8% per year compounded annually

Purchase of a piece of land for $200,000

Sale of a machine for $30,000 with a book value of $20,000

Depreciation expense of existing assets

$30,000

the answer is following, how can i approach this?

Cash flow

142,773

Income tax

58,095

After tax profit

112,773

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