Warren Compary plans to open a new repair service center for one of its electronic products. The center requires an investment in depreciabie assets costing $480,000. The assets will be depreciated on a straight-line basis, over four vears, and have no expected salvage value. The annual income statement for the center is given below, 1. Using the income approach, calculate the after-tax cash flows. 2. Using the decomposition approsch, calculate the after-tax cash fows for each item of the income statement ond show that the total is the same as the incame approach. Enter cash expenses as negative amounts and noncash expenses as positive amounts. 3. What if it is desirable to express the decomposition approach in a spreadsheet format for the four years to facluate the use of spreadsheet software packages? Express the decomposition approach in a spreadsheet format, with a colurn for each income item and a tocal column. Enter the aficr-ax cash expenses as negative amounts, Enter the after-tax revenues and the tax savings from noncash expenses as positive amounts