Time left 0:52:35 Gold Smith Co had $14 million in sales last year. The COGS, including depreciation, was $8 million, depreciation along was $2 million, interest payment wa $1 million, capital expenses were $1 million, and the corporate tax rate was 35% a. Compute the firm's net income, cash flows from operations, and cash flow from assets. b. Compute the firm's net income, cash flows from operations, and cash flow from assets if depreciation were increased by $1 million. Gold Smith Co had $14 million in sales last year. The COGS, including depreciation, was $8 million, depreciation along was $2 million, interest payment wa $1 million, capital expenses were $1 million, and the corporate tax rate was 35%. a. Compute the firm's net income, cash flows from operations, and cash flow from assets. b. Compute the firm's net income, cash flows from operations, and cash flow from assets if depreciation were increased by $1 million