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Use the following to determine OCF ( Operating Cash Flow ) : Revenue = $ 1 0 0 , 0 0 0 Cost of goods

Use the following to determine OCF (Operating Cash Flow):
Revenue =$100,000
Cost of goods sold =$67,000
Wages expense =$11,500
Rent and other occupancy expense =$15,000
Depreciation Expense =$1,000
Operating income =$5,500
Gain on sale of land =$500
Interest expense =$2,000
Tax rate =25%
Net income =$3,000
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